Originally posted by Matty M:pay off all mortgage debt and start free and clear Just like keeping a store of food on hand, those are solid principles to live on whether the economy is up or down or financial Eden or Armageddon is around the corner.

It was a small pocketbook and all yellow, government hand-outs of land sounded good where does one sign up?

We don't have enough cash on hand for a 25% down + closing.

The co recently changed hands, and I will not use them again.

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I'm not saying the IRS is looking at this as a priority to enforce but, if you think about it, the technicalities are easy to break and most of the people doing it are concentrated in a handful of companies.

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Basic construction and maintenance knowledge/skills will help you save money on repairs.The more hands-on you can be in the beginning the more money you'll have left over.

I guess that makes sense and I would actually use cash on hand to fix up the place (I am estimating materials at 25k) Labor costs I will be eating since I along with my father in law would be handling the fixes.

I would like to start throwing up some of my own deals to attract any possible buyers but it just doesn't seem like there is any money trading hands here, of course I can and probably am further from the truth