One of the things that I've heard frequently from tenants is that their "light bulbs pop" (burn out) just about as fast as they put them in and there "must be something wrong with the electricity".

Also, when a lender takes a hit and takes less, like a short sale, or less due to the results of a foreclosure, the lender can and generally will send a 1099 form to the previous homeowner.

It simply means that in the past you made decisions that did not loan themselves to the achievement of wealth, and you got hit with boards.

At least you found out early enough before the :badwords: hit the fan.

I hear one of two things from the buyers that I talk to 1) I want to buy but I need to sell mine first or 2) I want to see if the market drops any further.It seems that the poorer areas are being hit the hardest.

Nohits from Craig's list, no hits from local newspaper (normal there), people with awful (not bad, awful) credit and bad landlord references.

Originally posted by "dhinderliter":...this isn't a good time for me to get started but i know that there never will be....You hit the nail on the head!

From my understanding TV ads are very expensive and not necessarily hitting your target market.

4) Do more marketing to hit and exceed my 2008 goals. ...knowing what you now know you would have done different in 2007...See new 2008 goals above!

Payed 15k for the place, but put alot into it.Anyway..He is asking 199k, which I am not going to pay.Rents would be 650,650,725, and 150 for the garage total of $2175I figure expenses at yearly: heat 4000,my electric 1500, sewer trash water 2500, other expense approx 1500. total of $5540Taxes are $3988 year.