They usually have lower cost real estate and the "bad" neighborhoods are usually a cake walk compared to the major city.Bad neighborhood is relative to a specific area though and a lot of stereotyping.

He said that everything appeared to be fine and that the element was too hot to disassemble.

I collect $600 in rent.My current residence just appraised at $81,000 and current Mortgage including T& I is $575 and based on comparable rents in my neighborhood I believe I could rent it between $750-800.I have been saving for large down payment (approx 50% down) on a newer house within 1 year's time.

****************************************************Link below list features you should review when you compare other programs you are thinking of buying to build websites with or any free ones available...free some times can be costly if you do not what to look out for.

The most effective way to determine the ARV of a property is through comparable sales (comps).

(Market Value $72,000)The most (comparable)recent sales in the neighborhood were $36,000 and $71,500..

I would try and get a CMA (comparative market analysis) on this property. you need to have solid numbers before proceeding. don't go by what the owner says.....

Some clients save thousands of dollars a year with a Solo 401k compared to a self-directed IRA.Here are a few of the Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.

Mike compares different situations of when you want to cashflow as much as possible vs. when you want to pay off your debt faster.

I actually ran my own comparable properties report before the appraisal, using several recent sales near/around our subdivision.