Unable to Deliver Marketable Title Return of Earnest MoneyA friend of mine, Kevin, recently is in a situation which I cannot seem to understand fully, but am hoping a Real Estate Attorney can shed some light on the subject.Kevin searched the Internet and found a property that he wanted to buy.

The Internet it seems to me is a vastly underused asset for marketing campaigns among real estate investors.

Cash flow about $7700. but the “Win” is when it shows up as pretty darn close to a taxable loss after depreciation and  “general expenses” phones, internet, newspaper, electronics.

It's a bigger gamble in my opinion, UNLESS you KNOW the person putting the deal together and trust them. 

I would be coming up with a new plan :)But if I was back in the day where it was just me (and I wasn't as spoiled as I am now with running water/TV/Internet and electricity, I'd have a cot up in a room with an extension cord running a fan so I could sleep.So it all depends on your comfort level.

I'm a little leary to think that 6 nights (3 weeks * 2 nights) is going to be enough to cover mortgage, insurance, property tax, maintenance, cleaning, furnishing, 100% of utilities, cable, internet, etc. but maybe I'm all wrong. 

I can see it on RealtyTrac verifiably under pre-market and pre-foreclosure status (I don't put all my eggs in one basket, I know RealtyTrac has pros and cons in regards to its reliability, dependability and accuracy, like everything else on the internet...

With all the competition from DC, MD, PA, NY, DE they are doomed until they find a new business model not involving gambling.

My background is internet marketing but I am looking at real estate as a side hustle for now and potentially one day a full-time operation.I am looking forward to learning, growing, and meeting some new people!

Seattle especially is pretty much all gambling on appreciation at this point, as the properties are valued so high that cash flow is extremely low to actually being negative.