Be careful, its addictive.

This real estate bug is looking more like an addiction.

I got the stalker (addict) award not the profile one which I've been working on every day which I guess is how I earned the other one :)

We're considering offering 50K - or 51K - seems like a reasonable enough offer for them to accept or consider accepting. 40K would be from our 401k, 10k cash on hand (and we have the 6k cash on hand for the closing cots on the cash sale and on the re-fi).Then we would re-fi/re-hab based on the appraisal:I feel really good about the after-closing side of it b/c we've been under contract for 5 weeks and have fine-tuned our cash flow projections and we are in an area with a high-demand/need for additional housing of the size/price this triplex will offer our community - already have many interested tenants as projected rent level.here's the budget:cash offer 51,000we put in 10,000401K loan 40,000cash closing 1,000re-fi closing 5,000Re-fi/Re-hab loan15,750borrow 75% of appaised as-is value (21,000)28,500borrow 75% of construction cost (38,000)44,250cash comes to us14,750cash equity still in the house 7800pay other 25% of construction36,450 pay back 401K loan (still owe 3550 - 5 yr 4% loan)seems way too good to be true - no wonder you guys get addicted to this!

Real estate is my addiction.

Once walked into a vacant short sale in a pretty nice neighborhood that had a few of what I presume to be meth addicts squatting there.

refer=yFrom the above article "North Dakota struggles to cope with its oil-boom prosperity": He had planned to stay a few months, but 1 1/2 years later, he's still there because "a hundred grand a year is kind of addictive."

So much to learn and yes it gets addictive reading all the threads on here.

Can sometimes get addicting by watching all those pretty pictures.

We've been needing a truck to haul larger home items (flooring, wood, and such) and to tow our fun cars (we have a minor addiction to pre-year 2000 turbo-charged Eclipses) ;-)All cars except the Dodge have been paid off for a long while.