Here’s a quick summary of the numbers:July 2012 – Dad buys 2BR, 2BA 950 sqft condo for $246,000 (paying $21,000 over list price of $225,000)January 6, 2016 – I bought the condo from my dad for $400,000 including a gift of equity of $143,000, leaving me with a mortgage of $257,000.

Seems that in this market some sellers are looking for a quick sale and so may be a little unrealistic with deadlines, yet I cannot blame them for they may fear not being able to sale and prefer a buyer that will come in and be able to make a fairly quick decision. 

They kick them out quickly no questions asked- I like that.

Whats up BP! Looking for a few generous members on here who have had success in real estate and are willing to answer a few questions over the phone. I am currently enrolled in a class in college called professional d...

Rent seems to be moving quickly in the area -- any strategies for estimating? 

Thanks for the quick replies everyone.  

Finally, always remember to steer clear of BIAS and discrimination when leasing to others— this is critical and can ruin you quickly.

Hello All - I have a some questions and looking for some expertise help... In the recent months I have purchased 4 different properties... All properties Cash Flow, and as you can imagine all properties were bought pr...

If something big happens and home values fall, you can get into trouble very quickly. 

A quick google search didn't help.