(It seems surprisingly common for inexperienced investors to believe that profit = rent - mortgage.)Default on loan and enter foreclosure or just get sick of losing money, depending on how emotionally invested they are.

hello guys,my family owns a 20,000 sq ft land (where 3800 is being used for two old retail stores = convenience store + lawnmower shop)...i heard that we can use another 3200 sq ft (6000 sq ft MAXIMUM because 60% of the land needs to be used for parking) since we are NOT in downtown but are in a residential area....we are a CPD zone...something like commercial professional...so we can build commercial, office, or retail...but we do stay right next to a residential zone with SMALL houses..and some apartments near the area....70% caucasian city with median income 70,000 income.... i have 2 questions1) my 1st question is.....is it TOO RISKY to get rid of the two retail stores (because they're so old and ugly looking) and build a 2-story commercial 4 unit property to lease out to?

Skype is so inexpensive I am surprised that you would even see the cost compared to other things.I believe Skype is free between Skype users.

It may surprise you.As far as prop mgmt - you'll have to check the employment ads in the paper and find out.

Better to spend it now and know what you have spent the money on than to get a more expensive surprise later.Note that the advice and the solution can be used multiple time in the future.John Corey

I started reading more real estate articles,surprised I didn't look into that part,I usually read what other people are talking about on the forums.You do have a good point REI on what crowd I'm hanging out with.I noticed that,the more I hang out with other people who don't have any interest what I'm doing I get bored,and not learn anything,and waste time.I know in business time is very valuable.I'm going to call some investors tomorrow,to discuss real estate with them.Yeah you have good point on a customer will say no 4 times,before I get a yes.Your right flipper I should just move on to the next deal,and not let the other deals get to me.I should just look back with a smile,learn from the mistakes,and move on,because success does not come along with out failure.

There could be other surprises for a lender so why take the chance.2.

I feel that the Bowie club is heavily skewed towards Baltimore investors, and I live in DC, so I'd like to learn more about investor areas and investors that are closer to where I live (DC or Northern Virginia are all a bit more convenient).

For example, advertising via internet media is convenient and with millions of people using the internet daily, it is a powerful tool.

I don't know that I have ever seen one that says you'll have to pay the agent if the deal falls through but I would not be surprised if there are such contracts out there.Honestly though, I think that most agents that work with investors a lot won't usually make you sign a contract.