I realize this is really basic but I'm new to this.Thanks a lot,Will

Personally, I think it's counter productive and against the concept of free enterprise.

You have to know these repairscosts of the top of your headSoftware forms contractors forget itIf you do not know go to home depotand talk to the trades people walkingin/outIn fact pick up a guy there he will moonlight tilers HVACs, ect they'all go into these placesYou have to know repair prices right away and where to get theabsolute bottom price and the bestquality.If you do not have these connectionsget them of find themIf you have to ask price this clearlyshows you that you do not know thisor the basics in investment propertySKI

So, my more basic analysis would use 100% financing (just to evaluate the deal) and a 30 year note.Then the payment is $170 and Cash flow is $54.

Another really basic question: How do you get an FSBO house appraised?

Some do, but to get title free and clear is a little extra work, time and money.I advise people that tax liens need to be looked at as a savings account that might end up in owning some property at a later time.That being said, John Beck is basically useless except for piqueing one's interest in tax liens.

The basic premise in investing in anything is to always sell for more than the cost at which you bought.

Certainly not a new concept.

I do want to buy 2 to replace this one if I can, which basically means I can get one in my barea of choice, and will have to go to another area for a less expensive one.

Do expound on the virtual wholesaling concept for the rest of us, won't you (without a sales pitch, please)?