I would have that much more to invest and compound.

If that proves futile, just bow out gracefully losing only your earnest money.The sooner you handle this the sooner the seller can begin their attempts to sell again.

Reinvesting the interest earned (compounding) means that I am able to double my money in a little less than 4 years.Know some investors do fix and flip able to generate return on capital of about 55% per year.With leverage, return on invested capital gets magnified (so does risk).

At this rate that will continue to tip toward more returning investors as the new investors being added each month compound as returning investors.

Since the house was built in 1978, the bigger problem is asbestos - the drywall joint compound, sheet vinyl flooring, acoustic ceiling exture, and other things are likely to be made with it, so it is really an asbestos job, and that is highly regulated.

Good TSP cleaner will often clean these up.Generally as I'm walking I have the small tub of spackling compound open to fill in nail holes.

Determine where your money is going and how come you don't have any cash.Without doing that, buying what you perceive as "bargains" today is just going to compound your current problem.

I just looked at it from a point of view of what I would end up with in 20 years....I will have probably spent somewhere between $250,000 to 280,000 and would probably end up with a property worth about $650,000 if all goes well.I compared that with the fact that just $130,000 in a simple Vanguard index fund that is getting 11% a year compounded over 20 years...comes to around a million dollars.Thanks again for all the advice, its all actually pretty shocking compared to what other people tell you.

Hi...The 4 plex is not in California..Well I came to a conclusion in my own quirky non professional way...it will probably seem silly but here it is: It seems that if I put $80,000 down and then spent another 200,000 over the course of 20 years for all the stuff that comes up...( the building is brand new with all the warranties on the roof etc etc ) there is a good chance I will end up with a building worth around maybe $650,000 ...that means ( in a very very innacurate way) my money was more than doubled and it took TWENTY YEARS.....thats not very good and I had all those headaches too.meanwhile in 20 years just $130,000 in a simple Vanguard index fund getting 11% a year and being left alone to compound becomes around a million dollars.This seems to clarify it for me.....

Because people took advantage of their knowledge of the RE business over their sellers.I guess it’s that, compounded with the fact that I do have a negative disposition towards some RE attorney’s.