ok here it is . any insight will help. i love the idea about being in the real estate buss. for alot of reasons . i purchased my first home two years ago and did alot of work to it myself this is what i like doing on the side of being a full time chef, the house it probably worth 75 thousand more than when i purchased it . my question is should i do a little more work to it make it worth more and sale it to purchase a new one and so on or stay here and build more equity ?

I'm about to close at 157k but the appraisal came back at 165k so I guess that's good.Recent comps have come back at 180k for similar units (renovated) in the past 4 months, so since I only put 10% down and I'm doing a 80/10/10, I'm planning on refinancing after I make some renovations to capture that last 10% so I can lower my mortgage.

I know what he's talking about.Students are sometimes assigned to spend a day withsomeone in a career that they are thinking about entering.If they think they want to be a chef, spend a day ina restaurant with a chef seeing how easy and stressfree that job is.

What better way to capture buyers than to offer them a ca$h reward just for purchasing a home through our Mortgage Company... just our way of saying "thanks" (Rewards are between $1,000-$10,000 depending upon the purchase price of home) We offer in-house underwriting with the ability to broker out when it best suites the buyer, online application available to buyers 24/7 @ http://www.deekumapayi.maverickmortgage.com, professional and timely service, on time closings - no stress process for buyers and realtors, we also offer Mavericks "WOW" customer satisfaction, integrity, knowledge of products, and HONESTY.

Besides, if you do a 1031, you can avoid paying on the depreciation re-capture altogether.Is this making sense?

Having done this twice already and getting ready to do it again... the SEC has some very specific rules about these kinds of things.Most of the rules captured under a generic term called 'Blue Sky Laws" deal with how you approach different levels of investors...

Since I am in the Los Angeles Area and with all the facts and numbers about foreclosures, I really want to focus on capturing the opportunity in pre-foreclusre investing.

The furniture credit at a local store sounds good in theory, however, what I really think you are trying to do with your idea is capture that OHMYGOSH moment that a prospective buyer has when he/she walks through the door and sees the house of their dreams fully furnished beautifully.

I think it will help answer a lot of your questions and give you more ideas when it comes to the SD IRAFollow this link to the E-Book [LEAD CAPTURE LINK REMOVED]

Charging a extra fee for problem properties is worth further consideration.I've captured all of the discussion this thread, good stuff and very helpful.