If you plan on holding on to the property for a substantial amount of time, the more immediate valleys may prove to be inconsequential to your long-term strategy.On the other hand, if you plan on holding for a relatively short spell, knowing the direction of the market’s more immediate future would be imperative.Feel free to give me a call when you have a chance.

Hi all.First let me introduce myself.My name is Victor, I have been living in the Austin area for 10 years now, originally from Spain.I bought my first home in Austin in 2009, and sold it for a good profit in 2013, when I married, to buy another home with my wife.Ever since, I have been wanting to invest some money in real state, mostly to avoid just having cash seating in the bank, and build some equity for the time when we retire.At different times we have looked at different types of properties, but for one reason or another we would just stop looking for a while and then start over again.Just a few months we started looking again, I wanted to find some investment property that provided some positive cash flow, but after talking with some friends, realtor, mortgage broker... it seemed that it could be better to find another property to move to, and rent our current home out, since we got it at a good price in 2013 and should get a good rent.Now, while looking for that, I found a house I thought had good potential with some renovations, and long story short, we ended up in a contract to purchase it.

Hard money lenders will not give you money up front to go buy an auction property because they don't get to inspect it.Cash is cash in the bank.Most auctions are cash only.Some auctions will allow for a short window of closing on a loan.

This would also have big impact on long term vs short term gains since most construction takes 6-9 months to complete.Thanks in advance to the tax experts out there.

I think long term rather than short 

I'm not ready to buy this minute, but will be shortly.

Charleston is so short on inventory, you can add a rental property from just about anywhere and it will stay occupied.

That's asking for all kinds of friction.Here's a short list on the lost value for honoring the "sweetheart" lease:Security depositPet rent and/or pet feeLoss of rents due to under marketHolding costs/vacancy/marketing when the tenant leaves "whenever he wants"Other operational headaches / PITA "tax"Your attorney should have suggested estoppel agreements as well as language in the contract that states no changes to or new leases can be signed by seller henceforth.

So it’s a good idea to create a process to do it w/o being present.What i suggest:1) Schedule a time to meet 2) Apologize that you won’t make it shortly before3) Have them send you a photo of their drivers license 4) Give then lock box code and have them call you when they leave the property This helps since they think you’re going to be there.

He also has a short certificate.