If you get defaulted on there's a good chance that the first is in default as well, which means to get your money you're going to have to get the first current, foreclose on your note and then sell the property for enough to cover both, plus a profit.Bad credit history, bad payment history means the risk is higher, which makes the return higher on a RISK ADJUSTED BASIS.

How would having an additional software program improve my life or my business?

I've actually rented to someone who declared bankruptcy in the past (they told me about it before I saw it on their credit report), and they'd been working on improving their credit since then -- turned out to be a fine tenant.

Or, you can take a chance that your $210,000 investment will appreciate if you're lucky at 5-6% a year and hold it for a number of years by renting it to come out over the long haul.

But if all of the surrounding homes are that much more chances are strong that it's a good deal.

i was wondering if ther is anyone out there willing to help a 21 year old college student in new york get his feet wet in real estate investing i would love the chance to learn the basics from a seasoned investor. dont get it twisted im not looking for a handout im looking for a mentor :superman: who is going to shorten my learning curve and bring out the best. i love real estate and would love the chance to get started on the right path to successful real estate investing -Calan-

All of that money is going toward repairs and improvements on those homes.

But I worry a bit that all the transaction costs (time and money) in finding and buying the house on the front end, and and selling the house on the backend, with accompanying paperwork/legal/etc, would eat up so much margin as to make it difficult to make real money on the rehab itself (i.e. improving a run down property back up to 'market' value).For those doing 1 & 4 (straight flipping or rehabbing and flipping), how do you find properties priced low enough, and sell them high enough, holding down your costs all the while, to make a decent profit?

Please keep making suggestions for the improvement of the site.

When others culled thosesprawling farmsAnd welcomed deals with open arms . . .A corner here, ten acres there,Compounding values year by year,I chose to think and as I thought,They bought the deals I should haveThe golden chances I had thenAre lost and will not come again.Today I cannot be enticedFor everything’s so overpriced.The deals of yesteryear are dead;The market’s soft—and so’s my head.Last night I had a fearful dream,I know I wakened with a scream:Some Indians approached my bed—For trinkets on the barrelhead(In dollar bills worth twenty-fourAnd nothing less and nothing more)They’d sell Manhattan Isle to me.The most I’d go was twenty-three.The redmen scowled: “Not on a bet!”