I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits.

(This applies to service call type work as well as any "improvements" the owner is promising).

Than is a high energy guy and he was a good one for a first time boot camper, but if you have been to them in the past, you can order his books online at ebay and get out of them nothing new and exciting.

Commercial is always based on location.If a Wal-Mart, Lowes, Home Depot, Target, etc come into town you can bet that the value of the land is going to go up.The improvements to the property will go up with inflation because the cost of a 2x4 goes up so the cost to build or rebuild the improvement will go up because of this.Now when an area runs out of land that can be developed then the prices of land in that area sky rocket if it's desirable land.

It's all a matter of preference, both strategies work but you need to figure out what your strategy is going to be before you jump in.Spend some time drawing up a business plan and stick with it until you find something that can be improved upon, then make the change to your plan that is necessary and roll with it until you find another improvement.

Easier to look on an annual basis.Income: $12,000 (rent)Expenses: $4,800Interest: $4,800 (only the interest part of the P&I payment, just a round number for the example)Depreciation: $2,000 (value of improvements / 27.5)Taxable Income: $400 (12,000-4,800-4,800-2,000)Tax: $112 (at 28% marginal rate)So, the income isn't totally tax free, but very close.

Finish improvements on a duplex4.

It is pretty transparent to me why they don't succeed, they are always constantly putting their energy into their back up plan.

I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits.

Does this include deferred maintenance and reserves for capital improvements (new roof in 10 years, HVAC replacements, etc)?