It has been cash flowing no longer then a year or so at a time and I am about to do another eviction so indefinite vacancy is imminent againHad an agent run comps was how the discovery was made.

This forum is outstanding (wish they had something like this in construction 14 yrs ago) I welcome any advice you may have and I promise to reciprocate any info that I discover.  I

If I'm looking for Sasquatch on the Discovery channel and I available, I think I'm doing a good job... now you see why I had to get out of corporate America.  

Be very conservative on your ARV (final sale could be 10%-15% below your asking), don't forget to factor in construction overruns and discovery work (typically budget a 15% cushion), don't forget to budget acquisition costs (6%-10% of purchase price), selling costs (6%-10% of ARV) and holding costs (be conservative it will almost always take longer than you think or than your contractor tells you and may take more time than anticipated to sell and for buyers to secure funding).  

Awesome post David, thank you.I think Jim Grant said it well when referring to treasuries, he called them "return free risk" ;)  It's so true though, price discovery is out the window when the cost of money, or one half of every transaction, is manipulated.  

A recent discovery and a new favorite of mine is Trulia.  

All the best with your "finance can be good" discovery. 

I've got 2 rentals in Walkersville (Glade not discovery) and closing on a flip at the end of next month in Mt Airy (if all goes well).

I need help!So I recently got an inspection done on a duplex that we will be closing on next month.We climbed into the attic hatch and it was completely open, nothing dividing the two units' attic! Which brings up two...

The story, which involves getting into the deal (which was supposed to be a bridge loan), a would-be mentor who was operating under an assumed name, discovery and legal bulletproofing, and 'partners' in Buffalo has taken about 9 mo to work out so far.