Then, twice a year, the manager makes an additional payment, based on the profits in excess of the fixed rate.

I got ripped off on my first 2 properties) and you might lose your equity. so I would advice you that you should first try to see if other experienced investors would buy it. and only than buy it. good luck.

With that said, I would not invest out of state with the money I cannot afford to lose.$200k for a 3/2 SFH in the Peninsula is non-existent.

But, if you get taken advantage of (e.g. funding contingency until close of escrow, etc.) because you don't know the ropes, you could lose much more than a 5-6% commission.It also depends on each market and how much work is needed to sell the house.

In this example we still got the property well under market so I had no problem going over.I have also had friend lose out on deal after deal and doubled their usually EMD and have won contracts.

Sometimes it would be me (and I am not very experienced with dogs) and some nervous plumber trying to settle it down and shoo it away.When you have a unit with a dog or cat you will also lose out on a small number of future prospective tenants with bad allergies who cannot live in the same duplex with a pet.There are upsides to permitting dogs, one being that landlords often charge more.

And then there are professional (or should I say habitual) risk takers, who lose money, but get to keep everything....including their secretaries.We never know all the details, so who are we to judge?

The first mortgage has the legal right to foreclose on the property for non-payment and the buyer will probably lose the purchase price and the rights to the property.

Not all deals work out and if you are relying on a Heloc to finance your deals and one goes bad you could lose all that sweat equity.

I'm not willing to lose this deal and I have financing lined up and the building under contract to close in about 40 days on Feb 28th.