I held it for two years and probably lost money on it (I didn't keep great records back then).  

What Would You Do If Your Tenant Lost Their Job and Won't Leave?

How do you report a cap rate as you do not control the sales price?  

Mentions he lost another $800.00 on the wasted auction and has a 45 day hold from the auction company on the property.Now this guy is laid off from work and off the property, but seemed very interested in a cash offer below market value instead of listing with an agent.Neighborhood would be at least a B with most of the houses higher in value in the immediate area.This would be more of a whole-tail  as it is just personalized with paint and some decor, limited rehab.How can I verify my numbers with this guy before my 45 days are up?

so i was at a listing appointment and my client's toddlers were doing storytelling and showing off their Berenstein Bears book... and i couldn't help but notice the spelling has apparently changed to the BerenstAin Bears since the authors are Stan & Jan BerenstAin..the spelling stood out to me like a sore thumb and my client told me she remembers it being Berenstein Bears too but thinks back in our chilhood days (80s) they probably misprinted a whole bunch of books which confuzzled us into thinking it was ALWAYS Berenstein Bears whereas to the current and new generation have always know it to be with the awkward atypical A instead of E like in -Stein because of lost in transliteration back in the 1800s at Ellis Island.it made for an interesting conversation and it is what it is, life goes on; our childhood memories are a couple decades ago afterall; but driving home it irked me that how could the current spelling seem so foreign from all my memories as i too had and read the books avidly, once upon a time. i figured my client's and my mind's playin tricks on me but since i got home i googled and found it is a widespread phenomena.. what do u remember these heartwarming nostalgia bears as, Berensteins or Berenstains!?

@Rick Griffith  of course we all start somewhere I started by selling Real estate and making commissions an saving money to invest.. when my friends were making 2. 50 an hour in 1975 I was making 5k a month.. but in all candor I was one heck of a salesmen. and that is lost on most investors.. they lack sales skills.And yes if you lack your own personal funds and do not have job that will allow you to save larger dollars quick then the next thing you need is to find equity partners.

One more thing i noticed in the due diligence package is that, there is an affidavit of lost note.

Originally posted by @Kara Dixon:@James Wise, most specifically....flipping SFHLot's of money can be made (& lost) flipping houses.

Real estate is about control and leverage.

These two go hand in hand, as the more units you have, the more control you will have over the HOA and be able to control the assessments of HOA fees.