I always make it a point once a year to call my cc companies and ask for a credit line increase even if it's a just a few grand.

Asking price: 183kMaximum Offer: 160k, although i'd love to get it for closer to 140kLocation: SE PortlandDuplex with both units having 2 beds and 1 bathGross Month Income: 1700Anticipated Monthly Profit: $500Repairs: No major repairs to best of my knowledge, maybe a grand or two in general repairJust to give you a comparison, desirable areas in Portland can have 2 beds going for 900 and up, so the 850 per month units are close to market value, maybe a little under.

Now, if you need to eat and still go to school, ya need to set your sights a little higher I'd say.Speaking of raising your sights, look to the market as to what the demand is instead of picking something because you think it's cheap to do.You can do a deal on a $250,000 home with a grand in you pocket, so get the basics of RE first, then look to the market then to a strategy that fits a property and a seller's needs.

Find the seller with a semi-quasi related non-paying tenant (think grand kids' druggie baby Daddy) and you've got a Don't Wanter.

I am in Grand Rapids Michigan just about to jump into mobile home investing.

I wouldn't hope on any sort of grand transformation in the near future.

Consider your costs to acquire a property, financing, insurance, payments, title and settlement, that alone can get an owner to be motivated, especially in a slim deal, toss in a couple grand, show they are out of the loop, everything will be managed for them.

The only way I would consider doing so is if there were an item that save me close to a grand from everyday prices.

If comparable, fully renovated move-in ready, or occupied fourplexes are worth $360,000, the list price is only $180,000, that suggests that the seller and listing agent estimated a full rehab budget (with skilled workers) may be closer to $180,ooo than it is $80,000.No one leaves a full hundred grand in equity on the table for a newbie buyer in this price range

~110k in equityOne of my rental properties is worth about 100k and i owe about 60k ~ 40k in equity.so grand total I "think" i have about 150k in equity.Unfortunately i havn't been able to find a lender in my state (va) who will do an interest only HELOC at 90%.