If your septic is older, it could be older material (the clay pipes) and can EASILY damage.

If you get a loan to buy a house to rehab but underestimate the repair costs, you can lose a bundle of money or even lose the house.

I tried my best to get them to sell and downsize then but they really missed the boat - they weren't ready to pull the trigger and it seems like with most good deals in RE, you snooze . . . you lose.

Three of the units are paid by the property owner (gas systems) The property is in Everett, right near Wellington T stop (orange line) and easily walkable to bus lines that take you there.

When you walk up to a slot machine and make your bet, your most likely result is that you will lose that bet.

Just like any market you just have to understand the area that you are investing in or you will lose your shirt.

Enough said.However, do not end up on the losing end of this potential deal by over paying for this property.Stick to your numbers and put in your bid as if this never happened.And remember, our country was founded on this principle:"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."

* paying off the mortgage with the lowest balance created the greatest cashflow & brought all properties to a zero-balance fastest (mathematically, this is not always the case, and you could easily find a counter-example if the purchase prices are very far apart)I really want to learn how you're going to amass 15 properties!

The owner had 2 years of delinquent taxes and was weeks away from losing it to tax foreclosure (he owned the property free and clear, he lived in Long Beach, CA and hadn't seen the property in in 12 years.

Make the end buyer feel as though if he screws you over, he may make an extra $20k but he'll lose ALOT more because 1) the pipeline of great deals you were going to plug him into just closed and 2) you know enough serious wholesalers out there that once he rips you off, all other wholesalers will know he's a crook as well.Again it's more of an 'attitude' than it is a 'legal' thing.