(((I don't accept such things....it's time to break custom......at least offer it to the client, give them a chance to say what they will do....in this neck of the country someone will.....and as far as legality tell me the legal way to do what i want don't tell me it is illegal))))) I look for solutions and am very optomistic....I don't accept failure it isn't an option.Anyone can make money in real estate......ANYONE new investors or old salts.........You know that all of life is unforgiving.I learned from the school of hard knocks.Mistakes, hmmm I've made a few ....is an understatement.JUST DO IT ..............is how we get over those fears.If you don't take the first step then you can never finish the journey because you will never start.L....abor Luck is never had by those who do nothing.U....nderC....orrectK....owlegeWhen I say JUST DO IT...........I truely mean thatIt must be followed up with NEVER GIVE UP NEVER SURRENDER....This business eats up long time investors too.70 percent of the millionaires in this country come from real estate investing.Your in the game like it or notat the age of 65 only 3 percent of the population will be financially independent.Your in the game like it or not ....will you be the 3% or the 97% that is dead broke or still working?

Maybe not every month, but as you've figured out, bad things will happen occasionally that will eat a lot of money.Over the last few years, lots of people bought property and rented it.

So RE is so powerful because you get tremendous tax reduction benefits (depreciation, interest expenses, all operating expenses, and depreciate your capital improvements) all the while you've leveraged your investments, your tenants are paying your mortgage down for you, inflation is eating away at your mortgage, and you raise rents over time.

I assume she's not making much cash flow, because the value is high and taxes and insurance would eat that up.

If you calculate these and the deal is still favorable, you may just want to eat it this time, assuming you have no other buyer waiting in the wings.

You'll eat up about 8% of that on commissions and closing costs.

Runaway inflation can eat away at even the largest fortunes.

Man, the media will eat it up.

I would invest in townhomes and single family homes only (for residential).Condos are tougher to rent out, the condo dues eat into the cash flow and and if you have a bad association it can make life miserable.However, if you do buy a condo make sure it is a 3 bedroom......never buy a 1 or 2 bedroom.

Preforeclosure investors don't want a realtor involved because another middleman just eats the profits.