That sounds pretty cool.

My mentor said it should cool off in a year, unless a fixer-upper comes along, that to buy anything 'retail' here is a bad investment.Thanks for your input and help!

If that's it, I would admit to hanging around lowlife's much less joining in with them.Got to take that claim with a grain of salt too Joe, I know it may sound cool to you, but I'm not confident a very large reputable law firm would engage in such stuff.I'd suggest they consider targeting non-compliance in foreclosure instead.

In your opinion, what is required for hotter real estate markets to cool off?

Beyond that it would probably be an additional $40,000 and 30-40 days to complete it.One point of view is, since the downtown Charleston market is going to probably get hot again in February after a Nov-Jan cool-down, it might sell well in January or February to a buyer who is particular about what kind of finish out they want to see (it will ultimtely sell for $240 per foot x 1,600' for about $375,000).

Very cool.

It's very cool!

Pretty cool item.

I personally never mess with electrical panels, roofs, heating and cooling or major plumbing.

Marie Poe gave you a great example.When I approach this type of situation I like to have more in depth info before I propose solutions to the seller. ( sellers expectations, wants & needs, current rent, market rent, expenses, existing loan balance & terms etc.)It would be cool if this transaction could be done using your IRA (or someone else's) to buy an option.