If you liquidate your dad's home, the Big Enemy to pulling out all of his ~$100K in equity will be frictional costs (agent's commission, buyer negotiation, holding costs, etc.).

This is a volume game.3) Driving for dollars.

I've sold properties to investors who hold portfolios and for lack of better word the properties are all trash and then I've dealt with some who have a well-oiled machine.

I am holding them to it!

But Flood insurance is required as primary ($2000 / yr)By the time I fix and sell the home (8-12 months estimated) and incur additional costs + holding vacant, and selling expense (SQUATTER RISK, <100 miles to MEX border), and then go back and recapture depreciation + Capital Gains... my TAKE HOME will be far less than the appraised market value. ~50% haircut.So... since all goes to charity in 15 - 20 yrs anyway... why not donate now and play those cards?

I know it's been a year, but if you're still in the game, here's what I have to say.

Investment Info:Single-family residence buy & hold investment.

We heard early on that Encore's values weren't holding and that there were issues there.

They will not hold up in court. when you buy property like that you run the risk of losing it.

Investment Info:Single-family residence buy & hold investment.