Global economy is not at its best moment, and even if it was good, the truth is that nobody wants to waste his money in something that could be worthless.

As a part time investor who works 9 to 5+, I actually appreciate the extra time to mosey out to take a look.

It's just one of a number of ways to pass title.Also, truth be known, just because some died owning property does not mean there Is a deal to be had.

First get qualified for financing, then shop for deals ;-)If you do FHA you may be able to find one eligible for 203k program giving extra cash in the loan for rehab.

Lower expenses, work extra hours, sell stuff, pay down debt, etc.

These are all questions that the seller should be able to answer (though he may not be truthful so don't rely on the information).

Truth is, only the bad neighborhoods or rural areas are going to have that kind of property unless there was a fire or storm damage.

In the third year, nobody really seemed to care anymore, unless they needed flood insurance, in which case they only cared about the extra money they had to spend.If you want to see some rehab numbers on the two flood houses I've done, check out Houses #19 and 35.

The reason is there will be rehab and extra time and energy for the return spent and also no income coming in.Even if you go 60% costs the numbers still work at the purchase price.

Has anyone on here ever added extra income or not deducted all eligible expenses in order to show more income on your schedule E?