The problem is come September the norm is to drop from 10 to 14 hr days to 3 to 5 hr days with a lot of days off in between......feast or famine.

I would appreciated if you would drop me an email if you have questions.

then it go no attention and we kept dropping the price down to 179 and I just had to get rid of him and get some kind of cash out of it to pay the taxes and insurance.

At 8.5% I drop my monthly to a $215 mortgage payment but I pick up the $61 a month tax bill and another $40 a month for insurance, so it's a wash as a self-liquidating asset with maybe $100/month positive cash flow.Best case scenario is I get $5K for about 2 hours worth of real work.So-So scenario is that I get $14K in a year after some work screening and placing a solid lease-option tenant/buyer.

Even what part of the month you are in will affect the response.Typically, if a given unit is "average" and I don't get people inside to view within 2 weeks, I'll drop price a bit.

You can also keep and eye on it and watch it as they drop the price.

Im from Edmonton so if you need some good advice on real estate investment then feel free to drop me a PM!

Now bring into play the 100 to 1 leverage on their money, that means that their ability to borrow and lend has dropped by $200k * 100.

The real smart ones will drop by in a month to show you how to wax it.

My portfolio dropped about 100K in two days, but I'm not panicking.all cash