- How much would you say the house is realistically worth?

I may pay off my current house (6.625%), pay off half and buy 1-2 rentals or just refinance it and buy 3-4 rentalSI’m interested to see what you decide to do as wellJustin 

House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area 

Two identical homes located next to each other would come up with the same value, even though House #1 was just renovated to a very high standard and House #2 hadn't ever been renovated since it was built in 1949.I always tried for an identical (or nearly so) beds, baths, sq ft of living area, garage and acres. 

do you have an offer from a builder currently and by builder do you mean your house is a tear down and rebuild.. or just a rehabber who is looking to rehab the home and flip it ?

Thanks as always.RL Local PM here, we develop and have a wide portfolio, happy to model a cashflow analysis and if possible, find ways to increase your properties income.

The building tradesmen are busy too, but I just called ABC and got the name of a guy who buys alot of bitumen roofing so as to get a quote on a leaky patio cover, got a guy to bid cement board skirting on a stick house by calling Palm Harbor mfgr home sales center, got a card from a guy working across the street doing drywall repair and put it in my phone.

I wanted to buy another house to move and rent out my current house within 2 years.I am happy to find this place so I can imporve my skillset as a landlord

Shortly after the crash my tenants learned that condo developers were renting out luxury apartments in the area for around the same rents I was charging so I was forced to lower rents. 1200/apt 2 1050/apt3. 

When you've been around for a while, you develop an exit strategy "tool belt" of sorts.