This cuts down considerably on the "trial and error", although the nature of the beast is that sooner or later everyone gets at least one "lesson".

I would focus on getting good deals.I have used a note as my consideration in offers.

I basically would like to hear from MD investors on how you purchase properties, what do you do with them, what area do you invest in, do you make a considerable profit, etc.

re7012,In some markets the prices have been rising for the whole of 2007.In some markets the rate of appreciation was close to zero for most of the 2000-2005 period.In some markets prices have fallen after a very rapid increase.Hence there is no national market.

Therefore, the broker could have a considerable investment in the property, and the purchaser will find this investment in the price whether the property is found on MLS or on a bank site.

I currently work overnight as a concierge at a mid-rise condo, so this affords me a great deal of time to research and learn online.I'm hoping to start off small bird-dogging, then move up to assigning a few contracts while wholesaling.

Even if you are buying a tax lien and you realize that it is only a TLC there could be a TLC from a prior year that is in front of you or one that is behind you in priority.Do Your Own Research (DYOR) and then consider what the rise is you missed something.I head from a RE attorney of a case where the savvy, experienced investor checked the title personally but did not realize that the state can attach after the sale back taxes that the state paid to the county for the prior owner (over 65 and you can not pay your property taxes as the state will do it for you and then collect when you sell).

Cap Rate is absolutely an important consideration.

The fees can also rise with the value of the assets.There is a trade off between the costs and the benefit the LLC provides in terms of liability protection.

She doesn't want to mess with it because it "drags her down".FMV is $190-200K very near major university and university med center.Student housing market is definately a consideration for comps.My offer:She's willing to entertain a year option to purchase for $2K cash because she's worring about coming up with the tax payment.