Plus, do not forget to factor in your listing and closing costs which could eat up another 8% of the value.Since your profit margin is so small, you will really have to weight this deal very carefully.

It is profoundly funny that our educational system is so broken, that Mr.

I clean cabinets; light sand or wipe on a liquid sander/deglosser; then use a good primer--one that sticks to anything--or you may be able to use one of those combo paint and primer in one if your paint is in good shape and it is latex.Cleaning is so much cheaper than replacing the shower pan!

James, what you are asking would take a small book to explain because there is so much to learn and do.

If property values have been hit hard by the recession, it may be in your best interest to wait for them to recover before selling and use the rental income while you wait.Before you hurry and sell a property that is so close to being paid off, take the time to count all your financial options to see what will be your most profitable plan of attack.

Sounds like your doing your due diligence just once again lenders failing to do their part, that is so annoying to work hard on a sale to have it fall apart after weeks and weeks of work because someone couldnt do what they are paid to do.

Basically, how do you know you are tied to a good agent vs. one that is so-so or a time waster?

You might find commercial properties are better for your goals or it might be that residential properties fit better.I personally love leverage right now because debt service is so low.When prices are depressed is when you want to stock up on properties and deals.Some people do not like putting on forums what they have of cash to invest.If that's the case you can simply colleague someone and start a conversation that way privately.I do recommend you get with someone local or otherwise to further define your plan before you deploy your cash so that you get the maximum results.

The other problem I see is, so you break in to view the property, now you just leave it unsecured?

There is so much pent up demand in my market.