Then, if the answer doesn't ring true (like the politician who "wants to spend more time with his family"), or if it turns out clearly to be false, then you have your first red flag.re: financials, start by asking for the usual suspects: The actual current rents, the basic lease terms (expirations, renewal options, if any), and the operating expenses.

I do think a motivated seller would rather call a marketing piece with a face vs a regular yellow letter or post card.I'm gonna bump this again to see if can get any more feedback before I spend a few thousand on marketing materials with my Mug all over them.AG

The reality is, spend a bunch of time here on BP, go to a few local Real Estate Clubs in your market, Network and approach of BP members in a PM regarding mentoring.

This is also usefully if they like their return and want to extend the timetable* ARV or LPP - you can structure your loan based on After repair value or Loan to Purchase price.

I'm leery of spending a lot to build on it, though, as I don't see this area appreciating in value much more than just as the economy itself rebounds.

But you may tend to spend more on taking care of your own unit.

To remediate this type of problem, you would need to install remedial piers extending past the fill material into native soils.

I have one property that is rented out to tenants and and I know that any cost from now on is deducted as an expense unless it extends the usefull life, eg. a new roof.

Easy to do and well worth spending a few bucks to make sure you don't run into unneccessary problems.During this process I also learned that it's very difficult to get new policies written while you have any open claims, so if you do run into an insurance issue - get it resolved quickly if you're slated to close on new property.

I was wondering if anyone had heard the rule of not spending over half of ones' savings on anything if you have no debt.