Have enough liquid cash to do a full renovation.

There basically was no liquidity in the secondary market since Merill and Lehman were insolvent.

I just wanted to add that if you remove drywall from a flooded house, I would spray all of the studs with Killz before adding new drywall.

Sometimes this isn't true as they know someone that has a much greater net worth than themselves they can vouch for you for.Example you know someone that is liquid 2 million but they also know somebody with liquid that has 12 million.

Assets should be income producing and that will make them liquid.

You need to see currently from an unbiased third party who is just getting paid to complete a report what the real value of the property is in today's market if you were to liquidate it.Once you receive that information that will help you to form a basis on how to proceed (re-rent, sell and possibly take a tax loss, etc.)Hawaii to NC with room and board of the trip is thousands of dollars.

I actually do have clients that are liquidating stocks and buying commercial re assets.They do not like the volatility of the stock markets and are just worn out.

If the buyer defaults we liquidate escrow and move onto the next.

I like retirement income like the next guy but i also like liquidity and real estate is illiquid enough without putting more regulation onto it.

Fortunately, we live in a society that continues to supply my business with an abundance of liquidity opportunities.