I settled on a condo unit for a few reasons: in my target town, an affluent college town, I cannot afford a house that would be a nice enough neighborhood to attract the type of tenant I want.

if the land has really doubled in value, the lender would do better to take back the property sell himself...maybe that sounds like a hassle, but i know of a hardmoney lender who preys on borrowers and does better when they default...sell the whole property and it sounds like you made money...now, he may do some sort of a release, if you ask him and an attorney..just depends on how active he is in realestate, aware he is about the values and the opportunities, and how nice he is :)

In their nice home, they had one smoke detector that was at least 20-25 years old.

Nice to meet you!

Sure it's nice to get the volume of options, it just seems that with the immense number of guru trained wholesalers, there seems to be an equally immense number of close to retail "deals"(many of which can be found mls).The best deals coming through my inbox are Wholesalers who buy at the courthouse steps, and these are getting low in number.

It is nice when someone posts real examples of things that can (and will) happen.

They are out there and the banks are negotiating nice discounts.

In the meantime I have a neighbor that I've basically walked through the modification process for the last 2 years (she's a nice lady and doesn't understand much about real estate, except the fact that she owns a home).

The home is : -Ranch Style -1786 sqft -Year: 1978 -3b/2bth -Has ARV of $90,000 -Rents fron $1,025-$1,200 Nice area in Northwest Houston, TXYour suggestions are appreciated.

Either good newer houses in nice neighborhoods in most parts of the USA go back to at least construction cost, which is double current value, or the entire economy flopped.