thank God, cause it's been a long hard ride so far....Full figures to come out when I CLOSE...I'm not one to count change before it's in my hand...don't want to jinx myself.Thanks everyone - especially those who counseled me every step of the way.

Well, tomorrow, We sign the papers to buy this property, upon a good inspection, ( RADON, PEST, STRUCTURE), this will be my first flip and OOOO what a ride it will be

With the subprime fiasco; a pending flood of foreclosures; the political change with more taxes on the way; the tightening of lending standards; etc, we're in for a long ride.

I use to ride it to work so the guys started calling me Biker Barbie.

you are in for quite a ride.

You may be able to ride it out and sell in 5 years if that is your plan but you also need to plan for repairs and vacancy and removing tenants that are not paying.

Bought 2 houses and a lot by riding in a great neighborhood after church over and over.

In fact, I will be attending his anti-real estate seminar this November, the "Palm Beach Experience," where I will meet and interact with such great people like Robyn Thompson, Jim Toner, David Dweck, Sharon & Juan Restrepo, Sherman Ragland, Mark Evans, Doug Doebler, Curtis Brooks, Bruce Ridings, Ramon Williamson, Mike Litman, Yanik Silver, and Kendra Todd (just to name a few).If you have any questions that you want me to pass on, let me know, and I'll ask, then post the answers back here!

As far as investing goes.. you might be able to ride it for a short period and then pull out before it dies.. but you REALLY have to watch it close to know when to make your move.

Even if its six hours or a plane ride away, go have a look at the area, the neighborhood, and the specific property.3) Keep a close eye on the property management.