We are just concered that the lose concrete might effect the hardwood somehow.

I have 3 houses, none have enough equity to refi. through circumstances(arms) and repairs I cant afford them all. Selling cost would be keep me from selling them for what is owed. I am getting behind in one of them....

My state, New York, has a new law on the books (HETPA) which effectively closed the door on short sales.

I've been thinking about this - it seems to me that even if it was more cost effective, I may not want to live in a construction zone for a few months.

I haven't found HOPING to be very effective in business.What if there is 30% equity BUT after careful consideration of ALL expenses it losses money each month?

I get what you guys are saying, but if you purchase a negative cashflow property and live in one unit, you are effectively just overpaying rent.

The effectiveness is suspect as you are actually going to be slower off the mark than the local wholesalers.Consider a local partner who can be your eyes and ears.

I could make further arguments about the disparity in value creation, real estate as an effective inflation hedge and the differences between a hard asset and a paper one or the differences in violitiliy and speculation.

Often, that type of buyer will pay a higher price than true investors, as long as you can show them a small savings off retail.The second involves positioning the property as a unique opportunity, and works best when the property has some special feature or location.Both of these are heavily dependent on aggressive and effective marketing.

Old fashioned legwork but it is effective.