I've read through 10 pages of threads on conversions trying to answer my questions and haven't found the answer I'm looking for.Here's the background.Primary residence (from 2011) purchase price: $10kCounty assessment (structure only): $70kOnly about $2k in costs so far.I've been in the house for over 2 years, so I'm sitting on my $125k capital gains exclusion (house would likely sell for $50k as is)...

Let's say that you have 7 rental properties and you are sitting on million dollar in cash and have million dollar mortgage fixed 30 year at 4% against these 7 rental properties.

My dad has been a truck driver most of my life, so I am familiar with the business, and it as always held my interests, so as I daydream about all this real estate money I'm gonna have sitting around waiting to make me more money, I was just curious if anyone has ever had any experience in the trucking business they would share.

When I'd go into a neighborhood I wasn't real familiar with (usually out of town types) I'd drive through and stop and think of some reason to strike up a conversation with some guy washing his car or sitting on some porch.

Am looking at a deal with a very motivated seller.House is in decent shape and I believe I could get the property at a great price.The concern I have is the location.It's not the best in terms of traffic and some industry.Other homes on the street are in very good shape.The house sits on the corner of what is a busy street to the side and a quite street to the front.Is there a point where the price the property is purchased at offsets the not so great location?

Sit down with them and find out what steps you need to be taking.

@Corey Davis I think the answer to your question is a two parter.Part one: Just sit down and run the numbers on your area house, and run the numbers on one of these cash houses, and compare and see what cash on cash you like better.part two: other than the return value, whether or not 20k in a higher home with higher rent is worth more than 20k in a cash home, its kind of a "beauty is in the eye of the beholder" type situation.

Good Afternoon Everyone,I am looking into a property that 15,259 sq ft lot in Washington, DC.The property that sits on it is a complete tear down.It was built in 1925,single family detached home with a porch.I wanted to know what you all think of it.It is Northwest Washington,DC.The asking price is around $600k.I am thinking subdivide the land build two homes.Can you give me your thoughts.Thank you

I've had friends who lost a place, much to do with the management company sitting on it and not getting it rented then charging hourly fees for things my friends should have done themselves.

This comes into play when a bank gets the property and it sits while the foreclosure is drawn-out.