I’ve learned to step back, ask questions, and look at “the forest” objectively. 4) What advice do you have for those interested in out-of-state investing?

This lunacy is somewhat unique to our country so I can understand it being confusing.The mortgage rate is fixed for 30 years.

With that being said I purchased at such a discount provided a great product/price that overcame most objections with it being currently zoned in a flood plain.I would do it again if the numbers were the same.

It is such a unique property in unique location comps dont even come close to comparing...How do I put A value on it,,cant tease the city and say how much you give for it and sell it to another.They get ticked off they can find a thousand problems till they run out whoever owns it.

I would choose the path less taken becasue it will be more interesting and probly more profitable, you have to have an edge and you not going to be UNique following the midnight seminars.

PS - What's the most unique feature you've seen in house?

Etc...Focus on their needs and their SPECIFIC objections, as opposed to focusing on why you need the property at a specific price.I also highly recommend that all investors take a couple negotiating classes or read a couple negotiating books...it really helps for these types of things...

None of these required significant fix-up costs.My hypothesis is that we are in such a unique circumstance with the real estate crash, and 20% returns cannot exist for the long run in the open market.

Hello, I'm a new member of BP and in a unique situation.

I believe the unique benefits will create a competitive advantage in most markets, do you agree?