4 hour work week by Ferriss has lots of good stuff, but dangerous stuff alsoI am old school, and there are many many lessons the young people need to learn to be financially free, not only financially, emotionally and mentally alsoMost I presume are not schooled in Wall Street with derivatives and upper echelons of financeMost are not sophisticated enough to start corporations, investment firms, syndications etcIf you are average blue collar dude, with vision , passion, willing to work, you can make it and be financially free, beating the frigin systemBe careful what you read and listen to, and it's ******** to think you will work only 4 hours a week and be successfulMaybe eventually, but like rich dad says, when your assets begin paying for your desiresDanny Peavey

It's one in upper Marlboro that meet twice a month and another in greenbelt that meet once a month...

@Cary Ferguson Jr  concur.. however still not going too far out of the limb for new building projects... plus we can't anyway as lenders for subdivision work are still very hard to find and very cautious.. along with spec loan lenders... still very cautious. but its getting better.and I agree with you on new housing especially west coast.

I've found "TLC" (Not fixer uppers, but burner downers) multifamily properties, I don't want to sink a mint into it.

Our realtor just informed us that the upper tenant applied for section 8 voucher and was approved.

You'll get a better deal when you have the upper hand!

Class B or C working class neighborhood, with plenty of kids, but close to areas with educated upper middle class and higher end jobs.5.

The idea being that I would be able to make some repairs and take care of the maintenance better than her.There are tree limbs hitting the roof ( shingles will be gone pretty soon),. some outdoor light fixtures broken with wires exposed....Now, the property includes a build able lot next to it and the area is a very desirable area.What might the downside be on this?

I finally saved up enough money to pay for the closing and repairs for a fixer upper.

For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you’re considering is on a very “distressed” street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You’ll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the “better” street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job – everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You’ll need to spend more on rehab as the ARV increases.Logically,buyers like more ‘pretty-ness’, higher-end fixtures, cabinets, etc. when they’re paying $200,000 vs. when they’re only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); and üHolding the property (mortgage interest, utilities, taxes, insurance, etc.).