I wish I would have held this property and still owned it as a rental.

Another alternative (not as good) is to take the property subject to the electrical system being in proper working order, and have an escrow in place, held by the closing entity, to be released only upon proper inspection and passing results.

Hi,
    I'm about to get into contract with my small building in NYC and will be attempting to do a  10-31 exchange.  In this, I'm going to have to replicate 1.5mm dollars in financing with the newly exchanged proper...

But I held on to those houses and let the equity build up and paying down the mortgages over the 10 years.

Purchase price: $120,000 Cash invested: $15,000 Sale price: $220,000 This investment was purchased back in 2013 we held on to it for 3 months until we found a buyer who was willing to do a real estate contract with 10,000 down and then make monthly payments for 6 months until they were able to refinance it under their own name for the remaining balance.

Learned to have everything that's needed signed and collected one the first trip if the property is 1 hour or longer away.Learned how to get past Living Trust issues if the property is held in a Trust and no one knows how to obtain the original documents.

We held it rent-to-own $28k @ 12% & the couple completely rehabbed it at their expense. 4 years later when they visited Ohio he was arrested for outstanding OH warrants.

We closed on the property but 10k of the money was held back because the buyers wanted eVerything on the home inspection fixed instead of just taking the 5k we offered them and doing it themselves.

We bought this house at a great price, and held it for a while until values came up.

I'm not just a Mainer, I'm also from "The County"... but I became Financially Free thanks to properties I bought and held in Washington DC.