Thanks, hope you don't mind the extra question?

Since things always go wrong (extra costs, more time, etc.), 10% is the safer number.

That is only $65k equity and even if you add the extra $90k back at close you are left with $155k, not $245k.

If I could bypass the buyers agent and speak directly with the listing agent I could possible put a few extra dollars to the bottom line with the correct negotiation skills.

I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.

So now I have extra motivation to do my treadmill, so that I am fit and ready to do my beach walks when I get there.Make a deal with yourself and buy yourself a treat if you live up to the bargain.It can be simple, like you treat yourself to lunch everytime you go.

I don't think Typerider's comments were meant in any insulting way at all.Originally posted by Typerider:Man, what you've got is like an inheritance - very hard to come by and practically impossible to replicate.Sounds to me like Typerider's comparison is valid, and consistent with what you're saying about how difficult it will be for you to earn this money.

So here are the numbers:-I have 260k in equity in a triplex I've owned for some time (I also live there)-I have a full time job earning 41 000$/year (been there 5 years)-I get rental income of 850$/month from the unit that's rented-My credit score always hovers around 740-I have no credit card debt or any type of debt whatsoever except for the mortgage on the triplex (155k left to pay)What's the most profitable way to take things from here.

Earned income such as w-2 employees, etc. are taxed at the highest of all tax rates by the IRS.

Also, the example of lender's shutting down HELOC's.Successful navigation through these turns and twists are when you earn your money.