The people who should not have been in the market are now out ... making it easier on the rest of us.Perception: The media will tell you that everything is too expensive and foreclosures are everywhere and you are about to lose your job and blah blah blah and doom and gloom and darkness.Every other investor that I know simply changes strategies to match the market.

Without utilities half of an inspection is worthless, and the useful half could be easily determined by yourself with a diligent eye.I've actually NEVER had an investor have a professional inspection done on a wholesale deal.

Remember, they are dealing with very frustrated, desperate and irate clients who are in the process of losing their home.

In that case, you'll lose whatever option money you paid, and you'll be responsible for any expenses covered by the lease.

I may end up only breaking even or even losing a little on those two but I've certainly learned a lot.

That means you're losing $600/month.

hello everyone i need a little help in figuring out what i should do next in this pre-foreclosure deal that has came to me.well first off the way this deal came to me was i went to my local sheriffs dept and picked a list of the foreclosures, i mailed them all a letter stating how i can help them and etc.well one of them actually called my number and left a message, so after two days had passed (yah i know i was nervous and etc) i had called the homeowner who left the message.so i started speaking with the homeowner and started building rapport and etc. well anyway the homeowner was very upset and told me from the start that he doesn't want to lose his house (he has four kids), he told me he had got a mortgage on the house for $180,000 and now he has it paid down to $90,000 (so there is alot of equity there), the property is also in perfect condition, he also told me that he had fell on hard times because he works in the construction business and he had broke his wrist and something else and was out of work for awhile.then he told me that he was back on his feet and has been working now for a year, but the bank doesn't care because they want all of the back payments and etc up front.......so i told him lets setup a meeting at his house this tuesday to go over all of this farther (but i told him i will not be giving him a decision at this meeting, that will come later, i did this to buy some time and etc)so anyway, what should i do?

But there are plenty of properties out there where you can make WAY over that 11% and the risk is probably lower that you'll lose if you correctly run the numbers.

If you want to make money on the rental, or even to just avoid losing your shorts, you must figure that out.Then, assume your expenses will be 50% of the rent.

People can and do lose money - some lose a LOT of money.