This would drop my cash flow for the time being but this is definitely a property that I can see holding for a long time.

You might be hard pressed to find good deals there without digging hard -- hence the reason we dropped those markets.You may want to consider some other markets in Texas, Indiana, Tennessee, or Georgia.

Drop by the local REIA (http://www.meetup.com/NMREIA/) if you get a chance.

Freddie Mac loosened their their guidelines and dropped the requred 2 year landlord history in order to use the rents to qualify.

The owner would have to drop his price about 30% to turn this to a deal but there are realtors in between (mine and his) and I don't know if its even worth going after it.

im beginning to see that some of them may be over priced for the rehab market in the area. if i want to drop the price on some of the properties do in need a new contract or do i just need to contact the seller and tell them to expect less at closing as long as i get them to agree on the amount?

The lowest temperature in indianapolis is 27 these days, and I forgot to shut off the water in my house.

If you buy a home for 75k and then drop 25k into the fix and want to sell it fast for say 140k it's still possible but you have to be careful as you are placing your investment under the control of someone else's approval.

At 9 months, this drops to $9775 though. 3) I have high net worth and am using cash.

Sure the demand for high end is always going to be there but the market for dumbie proof cameras has completely dropped out I would think.