The theory of crowd funding as I understand it is a 1,000 people throwing in thier coffee money, it has to be managed, originating the loans, serviced and disbursed to investors, that is not free and I doubt it's a long term arrangement or will be cheap money.

a quick google search pulled up this chart of cost/sf:http://www.concretenetwork.com/concrete/interiorfloors/cost.htmlno idea how accurate it is but it reinforces randy's thoughts that it is not that cheap.

Buying cheap and renovating now requires a lot of upfront investment which will be financed by expensive dollars today.

I want all the cheap debt I can get because I can use it to buy much higher performing assets.

ill buy the cheap stuff they'll never see.

If you are doing the work yourself, I would suggest doing the expensive stuff and hiring someone to do the cheap stuff.

hi will.i am a mechanical engineer and do this on the side. i'd never give up my day job. it has great hours (8-5 is not half bad), flexible hours (i can take 2 hr lunch sometimes) and the best of all....i get paid twice a week.what you have going against you is the fact that there are no cheap properties close to where you live. i have it great... cheaper homes and a paying job close to me. i'd have to have 30 houses to even think about leaving work.oh yeah.... and i love the RE stuff more than my job. so, i know what you are going through.

When I wrote this post it was in response to areas such as O.C. where the market for fast deals at cheap prices has pretty much evaporated.

For example, maybe the house is just dirty, and spending $200 for a cleaning crew will be just as effective of a solution than dropping the price $5000.But, of course, once you've exhausted doing all the things that are cheap/easy to change, it then starts to boil down to just price...

Expect to do property reports for dirt cheap and slow pay.