The price is pretty steep for a duplex, usually I am shocked how inexpensive houses are in the south compared to Milwaukee, in particular new construction!

I remember the first day one of my neighbors a contractor told me if I was going to demolish the house and I though that was ridiculous since the house was certainly livable and in decent shape, I budgeted about 80,000 on repairs and a sale price of about 800,000 still the cheapest on the block and about 250,000 in profit, so I stated the rehab and after about 150,000 on expenses and 11 months I was over 70,000 of my budget and about 6 months behind I put the house on the market and had no offers NONE, ZERO, I started reducing the price and nothing, after a year on the market I decided to hold an auction and the highest bid was 340,000 for a house that now cost me about 600,000, that was a shock so I remember my neighboor question about building a new house on the lot and now it wasn’t so ridiculous, I did my homework and I though it might work the problem now is 150,000 in new everything the house had but I figure I could dismantle the house and keep most of the materials for other projects, I took a luxury builder and he told me he couldn’t build much there because the lot wasn’t wide enough, back to selling the house, in the meantime a hurricane went thru and flooded the garage and part of the house another 20,000 to my loss, finally I got an offer for 490,000 and after holding costs commissions and taxes I lost about 140,000 so much for luxury profits.

Best part is the male tenants are shocked when I show up for maintenance calls 🖤

I also wonder whether the banks have any other legal arguments to throw at this in the lower courts (i.e. sale "shocked the conscience" as to bid price and should be overturned). http://www.nolo.com/legal-encyclopedia/setting-asi...That Supreme Court decision was basically a total win for HOA investors otherwise. 

The biggest shock absorber for economic change in the rental market is vacancy rate.

Small towns in the Midwest slowly shrinking.A rapid rate rise could slow down prices, but a gradual increase will not shock the market.

I am shocked that in a liberal state like Massachusetts you do not have to disclose you are a licensed agent.

When I was in the land and Timber business our prime acquisition targets were out of state owners that did not live on the property.. they had less of a emotional attachment to their trees.. and or inherited and were shocked to learn those trees were worth 500k on the stump :)   Made some nice plays in those days.. would blow the socks off of anything in the buy and hold model..

Originally posted by Max Householder:Ever since I joined my neighborhood's Facebook group, I am no longer shocked at how insane the majority of people are.

I was looking at it with a buddy and we both would be shocked if I even get one, but if I do we bet they are really motivated!