20,000, that's where DJSE was at a While B4 9/11/01Even Prior 2 that eventful day it WAS on the downhill slide.For folks that got in at the top & watched their fortunes wiped out....know what their Brokers told them 2Do over the losses?

I know this neighborhood has gone down hill, but within the first 24 hours there was a fire next door, there was a police car with their syrins blaring in the middle of the night, and then another fire truck right in the morning with syrines blarring.

And from there....well it's all down hill. ha ha

I'm on my 4th at one property and lately he's been heading down hill.

Not saying we didn't feel the pinch as the economy went down hill but it was SIGNIFICENTLY less than most other places.

The reality is there are MUCH BETTER properties out there than buying this POC at any price.If we are having to come up with extreme examples under which this property might possibly work it is a loser.If you change the layout etc. it still is on a crappy sloped lot.Any property manager will tell you these types of properties even after being rehabbed nicely are hard to rent out to quality tenants.On value add deals the investors I talk with that own 100 to 150 units at a time go for buildings that are at about 50% to 60% occupied.The sweet spot (as they call it)where all the copper and electrical is still there and some tenants are paying for cash flow.The buyer can convince the bank that the property is going down hill to take a lower price and the seller if not the bank has already given up on turning the property around.Over time the new buyer can rehab each unit one at a time to turn around while having cash flow.

Our country is going downhill while others are prospering.

If you are tapped out the property can go down hill fast.

I'd been watching her going downhill for the past couple of years and actually considered putting her down while my wife was out of town dealing with some family business with her Mom.It was a tough decision not doing it then, but I felt my wife would have a harder time forgiving me for doing it while she was gone.

Buyers can move away due to the seller’s inflexibility, everything can down hill from there, and truly this should not happen.