When you invest, it is a good idea to have a 5-10 year hold horizon that you are planning for, not just looking at the immediate situation in an area. 

It sounds like you're in a solid position, and taking the time to stabilize before moving on to the next deal is a smart approach.

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

Construction loans have a fair amount of fees involved.

If you mean that a degree in statistics or”gender studies” may not be useful in a career as a sales representative, you might be right.  

I talk quite a bit with my buyers.

I eventually tracked down the lady who owns it, gave her a call, and we had a friendly conversation about her house and real estate deals of her past.

As a lender that has also personally invested in many properties, I think both sides can get too greedy.

Its a lot of work so it needs to be worth it. 

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