On that basis alone I would be extremely skeptical.Are you willing to get on a plane and spend some time in this area?

Thank you in advance for reading.Had our eye on a Short sale property for about a month but asking price was over what we wanted to spend on something that we knew would require work.

In development cycles there is a under supply,sweet spot,and OVER supply.A certain asset class can be over built and it is often times a race to market on who wins.If your project takes to long to complete and the market gets saturated by that time then you will have to reduce your anticipated rent rates and cash flow projections to bring in new tenants or you will have to spend more on amenities to justify them paying a premium price.Either way it will cost you more money.

I got tickets to the conference because I'm betting that we will get out more than the $1500 we will spend on it!

Despite the pleading of our agent, we over-rehabbed this one (in a "working class" neighborhood), spending $15K on the typical pergranisteel (pergo, granite, stainless steel) that goes into our middle of the road flips.

My first question is: What percentage of your time do you spend in real estate?

There might be a 20% occupancy right now, but it's hard to tell without spending more time there.

If this were a true statement then you would make the most profit by spending $0 on improvements.

I can either spend that on interest and get the interest deduction (i.e., you get to pay with pre-tax dollars) or I can pay the tax and keep the rest.

I agree that the value doesn't appear to be there when silver was at $7 just 10 years ago, but it's also difficult to ignore the spending by the administration and the answer to the American and European debt appears to be print more or raise revenue, instead of cutting spending.