If that idea appeals to you then you should use the internet and begin searching, if not then just keep looking where you are until you find something. 8)

mwarden,In other words, I won't pay more than 70% of the market value (less repairs) for a property, thereby giving me 30% equity at closing.ctrentalguy,You missed a BUNCH of expenses, such as advertising, management, entity maintenance, legal fees, office supplies, utilities paid by owner (even if tenants pay utilities), evictions, court costs, damage done by tenants (beyond the security deposit), lawsuits, capital expenses, etc, etc, etc.Mike

You are out 2 months rent, legal fees, court costs, and setout fees.

-ColinLoans are certainly a lot more common for real estate investments than stock investments -- that's just one more reason why real estate is more appealing if you don't have a lot of money (i.e., because you can more easily get it loaned to you).

I watched a house for a few months. 2 weeks till it went to auction at the court house. about 1.5 weeks away from auction someone, or something else bought the note or something. not sure what happened alls I know is all the waiting didn't pay off.

A roof over their head is the minimum that people expect from a house, it being dimensional instead of 3 tab doesn't bring a higher price.In our part of the country "energy efficient" windows have about a 25 year payback in energy savings-so do it for your own "livability" factor but not for money.Landscaping-like exterior, adds a lot of curb appeal, one of the reasons we were able to get our house below market-"barn red" paint and 20 years of randomly placed and randomly trimmed shrubs turned many buyers off.

Corespondence about the properties the properties that these 2 own is being handeled by the court system.

They can take you to court over it and win.

Do you just drawl up a new one at the court house?

“They” say… A real estate transaction is not consummated until the “consideration” or “earnest money” deposit has been paid, so there is possibly a risk doing it the way I described.With that said… If a seller was trying to “get out” of an agreement we had together… and the deal is not yet closed, I am not going to fight with them over it… I generally would let them out… It is easier to find another deal than it is to fight with them for 6 months in court!