Investing in real estate or playing the lottery were my 2 choices and Investing in Real Estate was the obvious choice (although I still by a ticket every now and then LOL) How did you find this deal and how did you negotiate it?

The lesson: always know the condition of the big-ticket items, as well as the costs to remediate any issues.

I'm not sure if I would give up hope until I saw the inspection report and there were no big ticket items that would just kill the return.

I've determined that real-estate is my ticket to achieve my goal and I intend to reach it.

Have them determine the useful life of the big ticket items like roof, furnace, ac, electrical and plumbing and use that to determine what you need in reserves and consequently what you can afford to offer on the house.You'll also want to look at the cash flow in case of additional vacancies keeping in mind what the vacancy rate is in your area.

You need to structure the deal as follows:700k purchase 100k construction (deferred maintenace)800k total acquisition20% down consisting of two parts... 80k refinancable equity from your condo and a 80k seller note 2nd mortgage (your dad) Wrap up those big ticket deferred maintenance items right away.

my agent usually does a 200$ home depot or lowes gift card based on whats closer as well as special gift. example- custom welcome mat or a front door placard with clients last name on it. if its a repeat client or customer or partner it would have to be more personal such as idk maybe local sports team tickets or shows doesn't need to be crazy but they wont forget you ever. 

We were young and wanted to stop paying rent, this foreclosure was our ticket out of the rat race.

We were young and wanted to stop paying rent, this foreclosure was our ticket out of the rat race.

Oh, and then I had a parking ticket on my truck because I was in court too long.