Contrary to popular beliefs, I also feel that when things are going bad.....that's the best time to make a profit.

No matter what you decide, you will be sure to learn from any of those choices, so go for it!

You tend to have a choice of either what I call tenement style buildings, or big old Victorian houses that people have converted into multiunits.

My wife and sister-in-law inherited a home when their mother passed away.The home has been on the market for about a month in a "as is" basis,with no viable offers to this point.I am making cosmetic repairs and have estimates for the larger issues,roof and plaster.My choice is to pull it off the market,make all repairs,paint,carpet,so on,and put it back at a higher price,I would have to get a loan on its equity(it is paid off)to pay for this.My other thought was to try and get as much equity out as allowed,pay off the sister-in-law,take our share and pay some bills off,then rent the house out.Iam kind of going in circles thinking which way to go and would appreciate your thoughts on what options are the most profitable,thanks.

I just went from Vice President of Investment Banking (by choice of course) of a top 5 bank to a "Real Estate Investor".I know other people here are in similar situations.

For example:Definition of "Build to Suit": Landowner build the tenant's choice with landowner's money.

take control of your day and what you do physically and your mind has no choice but to follow.

Rates on 30-year mortgages rose for a third straight week, striking the highest level in eight months and the30-year, fixed-rate mortgages averaged 6.42 percent and the rates on 15-year, fixed-rate mortgages, a well-liked choice for refinancing, rose to 6.12 percent this week, up from 6.06 percent last week.Rates on Five-year, adjustable-rate mortgages averaged 6.19 percent, up from 6.02 percent and One-year, adjustable mortgages were the only category to show a decline, dipping to 5.57 percent from 5.64 percent last week.CheersSamantha

does not really exist....I am finding it to be the most challenging life choice I've probably ever pursued.

That in itself would keep me from buying.Detached house or condo is a matter of personal choice.