Most of the successful investors I know subscribe to the "inch wide, mile deep" theory.

And don't forget - if you want to sell your WRAP at a discount - WOW - more cash in hand.Oh - you may want to consider an unsecured mortgage or secure the seller financed mortgage on another property you own, now you have a free and clear property ---- just think what you can do with that.One more thing I should mention while we are being financial creative - when you get a new mortgage on the property, offer the seller a PAY-OFF at a reasonable deep discount -  you win again!

Where people have a deep affinity for a particular location, a place they either call home or want to call home there is your hook that leads to getting motivated buyers or renters. like you said, be smart about it.

One of my Vendors in the deep south was looking at a property this is a solid C class area were all these homes tend to be.. two youths walking up the street he turned his back on them next thing he knows he has a pistol in his back and is relieved of his wallet.. these were 16 or 17 YO.... 

Notes sound like a good idea as well but I have not got the time to dive very deep into learning about them yet.Here is some of the things I have done in the past month.I have read the books Rich Dad Poor Dad, Cash Flow Quadrant, Think and Grow Rich, Rich Dads Guide to Investing, Face the Fear Factor by Jack Miller, Flip Deals by Jackie Lange, and 5 Best Ways to Make Money with Real Estate.

As you are asking the question, I would guess that you know that a leaking oil tank can / will open up world of issues; Phase 1, Phase 2, remediation, retesting and who knows what else.You could purchase it subject to all remediation done by the seller and certification of cleanup by the fire dept / county / state (who ever has juristriction on this).Alternativley, you could be willing to invest in the testing / consultants necessary to scope the problem (with no guarrantee that they are 100% correct) and then make offer taking the results into account.Until you know the scope of the problem, you can not know the cost to fix it  so unless you have done this before and have deep pockets, making any offer is very high risk.Oren

Add title insurance $400-$600.Deep prep around $100-$200 but its paid by the seller (NC state law i think).It should be very easy to just call few attorneys if you don't have one and just ask that.

They are often backed up by well-meaning but misguided housing attorney advocates, and courts which seem to think every landlord is a deep-pocket Scrooge.

On today’s show, we interview property management superstar Jesse McCue and dig deep into how he’s become Maine’s top property manager as well as a successful RE investor along the way.

Oklahoma has a school system that is on the brink of complete failure and with it's current political realm and laws protecting change unless 75% of house members pass a bill, they are in deep deep trouble.