Also, you might be misssing few grand of the cost that could be added to the basis.

Grand slams are nice , but rare 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $67,000

Cash invested: $28,000

I bought this property after it had sat on the MLS for a few months. I made a very l...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $67,000

Cash invested: $28,000

I bought this property after it had sat on the MLS for a few months. I made a very l...

The apprisal will come in a few grand or even at your offer ....

-Spending unauthorized amounts on repairs- most investors want to know before PM drops a grand on a repair.That's all I can think of right off.

@Evan Bellingar  real estate tends to go in 10 year cycles 5 is a little tight.but no one save a few ( watch movie big short) really saw the 08 melt down coming or thought it would be such a global disaster as it was....Were ORegon got hurt the most was in Construction... in from 1992 to 2007 there were an average of 12,000 doors being built in the metro area. that slowed in 08 and by 09 there was a grand total of 700 permits pulled... construction financing had froze .. and a great many in the trades went bankrupt lost their homes and are just now pulling out..

I'm always extra cautious from any lender online, due diligence is important...Originally posted by @Jay Hinrichs:that sounds too good to be true frankly.. caution unless this is a personal friend or family member if its a private lender you met on line.. good chance you will lose any up front money you give them too good to be true terms from on line lenders or someone posting on facebook linkdin  or BP  ( on BP they will send you a PM)many times are fake.. and just want your up front fee and as much as they can squeeze out of you.usually they need 500 up front or something like that for an app fee.. they string you along and then right before closing all of  a sudden they need a grand or two.. then you send that in then they say there is a problem with the file we cant close sorry bout that. and you have formally been scammed. 

The camera alone is north of 4 grand and they have monthly hosting fees for hosting the spaces on their server.

I have six months to create a home solution and financial foundation for me, my children and my grand children.