Tim was implying that the Democrats were admitting defeat by quitting...

DIdn't mean to imply otherwise...I guess I just assumed that if he had a decent amount of cash on-hand, that he didn't have any debt...

>>> I think you'll find that -- unlike in the stock market or other truly passive investment areas -- have a fully diversified RE portfolio will be nearly impossible unless you invest in REITs or own one.Didn't mean to imply that I'm seeking a diversified RE portfolio.

I do not want to imply that you do not want to take action but making a mistake buying the wrong piece of property can sometimes take a long time to overcome.

No active leaks noted yet but they may be a concern. there is an old inground pool that is a liablity but I would plan to rent a jackhammer, push the smashed concrete in, and fill the rest with dirt and throw some seed over the top.Broker did not have access to environmentals or appraisals because the bank bought the property back before foreclosure. broker seems to imply that the concerns are deffered maintenance and estimating capital requirements for roof and windows. broker also implies that seller will not accept less than $800k.cash flow is currently negative due to being poorly managed IMO. the budget includes items like $1,800 for telephone when a phone cost 25-30 per month. the bigger kicker is there is an option to either rent with no utilities included (at rental rates quoted above) or to pay an extra $100 for water and electric included (units have central HVAC included in electric).about 40 units have opted into this program giving a budgeted utility rebill income of around $4,000, the problem is that budgeted electric is over $4,000 and water is just over $4,000, and not only that but in September the electric bill was more than $8,000.

Why do you guys all imply that he's looking to buy one unit ina building?

Licensed generals have experience in all phases of building construction, and as the name implies, oversees all the other trades on a job.Oftentimes people confuse contractrors with carpenters.

Neither are wrong, but are very different.Many of our differences stem from what I see as your approach to note investing being slanted toward your type of operations and it seeming to be the "right way" as you have implied and in fact stated in the past as to you being the more "sophisticated investor(s)" as opposed to "street level" or "layman" investors with tones of being inferior in concept.Many of the approaches by institutional investors, who appease a pool of investors are not even applicable to the majority of individual note investors we have here, for example, the manager's rate of return is hardly applicable when that investor doesn't have overhead expenses, employees and investors, it's over kill and not appropriate.

I believe if the buyers closed this transaction without the agent, the buyers could be liable for the commission, as there is such a thing as Implied Agency, not you, as you did NOT sign a fee agreement with the broker.

I have been advised by the Smart Charts trainer that all of the informaton in a local MLS is included in the Smart Charts product.