Or, more renters and more homes equal out?

I can't tell you how vital this has become now that I brainstorm and realize all the mistakes that I've made.

So when I work with someone I look at probability of a project funding and closing.If they meet x,y,z criteria then chances are high of success.If they fall into other categories the chances of success are very low.There are exceptions but you run a profitable business by sticking to what works the most.Everything you do needs to bring a quantifiable return on time equaling money.I personally like to run my business working with serious individuals and creating a lasting lifelong relationship.You learn their expectations and vice versa and create a team with great results.I do not work residential.

It is also the case that you can find many deals that are nearly equally as profitable on a cash flow basis that are in areas with better long term growth prospects - something to consider.I think baby boomers and generation Xers sometimes fail to realize that investing for the demographic demands of generation Y will be the way to profit in the long term future.

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You can raise your offer but put the sale contingent that offer price be equal to or greater than some percentage of the appraised value.

Apply those rules equally.

It's equally insane.

If you do obtain financing, unless its equal to hard money, cash basically, you'd often lose out on purchasing houses to cash investors, even if you offered more money, the cash is king in this market.The houses that are $5000 are not in tip top shape, most need quite a bit of work, and will continue to need work.

In the end:I watch tv shows (DVD/net), use public transport ( I love New York City) and when courts allow, my not-yet-here husband can buy a pair of Prada shoes to celebrate equality.