I've found good deals from disillusioned landlords and partway finished rehabbers who sorely underestimated their costs.should I look into cooler markets elsewhere (within 90 miles of my home, where rehabs are still Listed on the MLS close to 70% LTV, or better) This sounds a bit better than right at home, insofar as availability of deals, BUT, how long will it take you to drive the 90 miles to do the work?

Realtors do have expenses and drive people around burning gas.

Then I realized that by following through on my dreams of being a real estate investor, I was already retired at 30, I drive my corvette or harley to look at homes all summer, then relax at the pool with my wife when I want.

Some extra two cents;txboy, I drive neighborhoods that interest me all the time, at all hours of the day.

It certainly beats the crap out of working an additionl 40 hrs/week to gain overtime salary.Maybe it's more like this-- it's better ROI to put your cash in a money market account than keep it under your mattress; but it's better to put it into an index fund than a money market; better still to select a prize-winning stock; better still to correctly pick hedge funds/explosive growth companies, etc., etc.

No bubble going to burst out here in Sacramento especially since you can drive in a 5 mile span of Elk Grove and see every major builder clearing land to put up those 375 K starting homes.Then there's the other thought of selling the condo now and putting the equity into a cd, gambling that the market will flatten or dip, and buying low.

I have been out of a computer for a whileand I had to reformat my hard drive.

Few ways of doing comparables are the following:1) Drive your neighborhood in 3 mile range and pick up those For Sale Flyers.

Thanks to industrial growth in China you can be certain that demand for oil is going to increase even if we become more efficient in our usage of gasoline.3.

We are offering $150,000. with $20,000. down and owner carrying $130,000 @8% for 15 years with a balloon in 3 years.The improvements sit on 5 acres 2 blocks off a major state hwy and the town is the next stop in booming growth.