He then interrupts me and asks me to tell him of one case where roaches physically harmed someone.

Conditions Precedent: The obligation of the Purchaser to purchase the Property will be subject to satisfaction or written waiver by the Purchaser of the following conditions within 60 days after execution and delivery of the Agreement.Review and approval of the documentation concerning the property;Completion of satisfactory physical and environmental inspections of the Property; including suite inspections.Completion of satisfactory due diligence search and examinations;Satisfactory review of the title of the Property;Satisfactory first mortgage financing being arranged for the purchase of the Property;Satisfactory second mortgage being provided by the Vendor for the purchase of the Property;7.

I would bet that this property will not cash flow.

Your best bet is to contact a title company and get an idea of what the various charges would be. 8)

You can always bet on flooring and paint commonly known as a lipstick house which is sometimes harder to find at a steep discount.

Betting on appreciation is simply speculation.

The physical cost of the paint is only one variable.

Beerock,I don't think you understand operating expenses yet, so I'd bet that the properties you're looking at are negative cash flow, not break even.

. $200,000 with the IO loan.With an IO loan, you're really betting on appreciation.

I bet all the rest of the flip shows are on the up and up.