I would say there is more risk in taking on a larger asset in a top cycle and high interest rates even if you have some knowledge.So again this varies based on goals.

You did the right thing in taking that first step.  

If this is the case, then you have some options.First step is talking to the bank, with the owner, in taking over the payments.

Towel bar, toilet paper holder, ect) Electrical outlets plumbing Lighting Celling fan/ventFloors General outside of kitchen/bathroom Floors $3,500.00 Molding/trim (millwork cost included in section 12) Baseboards Electrical $7,800.00 Electrical panel Electrical outlets(grounding, circuit breakers) Electrical outlets placement Light fixtures / or celling fans Light switches Wiring Replace Light switches as needed Replace wiring as needed Plumbing (tentative) Old Galvanized pipes (outside of kitchen & Bath) – cooper Main water supply in take Sewer line8.

You go in, take over the payments, then sell it on a wrap (or land contract, L/O, whatever) at 7% owner financed and keep the 4% ($4k/yr) difference in interest.

After that, some say things like "we do quality work, blah, blah, blah" or " I do it right".This can be good and get to a meeting of the minds before wasting my time and theirs, they can also be saying that stuff saying they don't want the job, so I go for that, are you interested in taking the job as I need it?

Things like exhaust connection, the air for combustion intake, chimney liners - those all play a role in making sure that the heating system does not fill the house with CO.

I have 2 families that I rent to in Chicago, both have pit bulls, and both take great pride in taking care of my properties.

I know that I have even suggested that is previous posts regarding a non- forclosure purchases or in taking a deed in lieu.

My name is Cristian and I live in Montreal, Canada where we currently have awesome -20C weather (I think that's like -4F)So a little about me - I started being interested in real estate investing after reading the Rich Dad, Poor Dad book which resulted in me going to one of their free seminars that resulted in going to the paid 3 day weekend that then resulted in taking their advanced training which I recently got refunded because I wasn't satisfied at allI then learned about a new program with ************* which I am currently following and seems ok for nowMy main issue is that I am full of a lot of book knowledge but close to zero real world experience short of calling a few agents, home owners and so on.I was let go from my job on October 10th because of budget cuts and have decided to go full time investor since thenI am ready to do whatever it takes to make this work because my mindset is already changed and going back to a job is now my ultimate last resort that barely has a shred of interest tied to itMy immediate goal is to buy myself more time - I am ultimately looking to replace my ex job income by the end of 2014 and then some - but for now I'm simply looking to close a few deals to buy more time financially speakingThat's it for me for now - hope to get a chance to speak to a lot of you and soak up all the information that I can while building some great relationships along the way :DCheers