I never had time to get heavily involved now that I have the time and more knowledge I'm ready to profit on my first  contract.

As for the lease option, i would opt heavily for the $5000 to recoup that down payment cash.

I understand that people don't like looking at stats, but I know the demographic I'm going to be pitching to, and it's mostly people heavily involved in the stock market, that like to hear numbers and stats to back everything up.The best way to convert a stock investor to real estate is to prove that they won't lose their shirts in real estate they way they did ten years ago in stocks.

Besides the HOA, you also have to make sure that the condo community isn't too heavily concentrated with investor-owners (40%, I think), or you won't be able to obtain Fannie Mae financing.

With the pay off and the extra 150k cash balance (I've lived it in 2 out of the past 5 years), I could use that to pay down my current mortgage of my primary residence heavily, and ultimately my goal is to pay off my primary residence by the end of this year.I want to do this for the following reasons:1.

I heavily recommend using services to help you out at this stage. 

Not to mention how heavily Chicago is segregated compared to other big cities like New York, Miami, Dallas, etc.....the job growth is mainly happening on the north side and downtown areas since those areas are higher income.

It's pretty industrial in some spots where Eastpointe is heavily residential.

I have relied heavily on BP and it's members for information.

Will banks heavily consider the $54,000 purchase price when doing the lending or will comps and current value play a stronger factor ?