If I pretend that none of that will ever occur, I can claim an extremely low expense ratio today, but it won't reflect reality over time.On the other extreme, the big apartment building (the pink elephant) that I purchased in January has one apartment that has been vacant for a couple of years.

:lol: Also, another part of the sidewalk the guy installed these ugly pink fake brick pavers, and they are desintegrating. part of the sidewalk lets two inches of water collect when the snow melts in the spring, making it hard to walk on for about two weeks.

Even if your house doesn't get the loan modification I gotta think its lowers the bar on the market price for ALL homes.

Greetings from Las Vegas, Baron... welcome aboard!

Built in 1955 and from the looks of it, the people must have wanted to live in a time capsule because everything is very 50's. 2 bedrooms, 2 full baths, 2 half baths, formal dining room very spacious kitchen (pink tile though), unfinished basement, ranch style on a 1 acre lot.

He asked if the lenders we worked with would take "Pink Paper" or something to that effect.

if FNMA says pink paper - the lender uses pink paper, period.but FNMA ain't doing the appraisals.

I do think a staged out sells easier though than a baron one.

That house (combined with a pink slip from my j.o.b.) is what got me started in real estate.

It's not the flaking paint, or pink carpet; its the open ceiling and the fact that there is no kitchen to speak of.I think that 119k might still be high, but you can always negotiate with these guys.That type of house is what you're looking for.