When you can drive down the road and point out all the houses you've been in because you've toured SO many properties ... you know you're a real estate investor.When after a night out at a nice restaurant, before heading out to catch a movie, you stop at the local Home Depot to pick up materials for tomorrow's project ... you know you're a real estate investor.

Those old homes probably need $5,000 each of work to sell them, so that erases any possible gain from sale, so that number is not $80,000 but actually $0.So the profitability of this deal will be contingent on you filling up the other 4 lots and raising the lot rents farther over time.Going to the end of the movie and working backwards, this park at 100% occupancy and rents of $295 five years from now would be worth maybe $450,000 (that's assuming an expense ratio of 40% and an exit cap rate of about 9.5%).So is it worth all the effort to rehab and sell off 17 homes and contend with all the deferred maintenance and private sewer?

Given my horror movie fanaticism I half expected something to jump out at the camera. :( 

After one month of no contact i would have flown to atlanta and knocked on his front door to have a chat... ever see the movie Snatch?

Use google earth sometimes to check an area but I usually find myself doing that more afer watching Jason Bourne movies and put a funky spy movie soundtrack on my laptop.

Well I was digging through my photo album last night and found a few pictures from some of the movies that I've played in and thought I might share them with you'll.

Interesting Jack Black movie.

It was a Lincoln.Awesome movie!

I would want to keep the integrity of the 1920's building, but the lobby and hallways are out of a horror movie and the kitchens and bathrooms look like they're falling apart... and they could definitely use an upgrade on technology.MY QUESTION: How would you handle a full gut job on an old 35 unit property like this, especially when it comes to tenants?

and it's slowly moving to India (and China) anyway .... this is serious as silicon valley is not sustainable too.and hollywood movie is also replaced by Bollywood and Japanese/Korean movie so ....