Basically, consider the rent net income and evaluate the property as a income producing business.

Hi everybody, I was thinking,if you can see the back of the sheet rock board,it will give the manufacturer.That information will tell you if it is the comtaminated board.

It is probably an issue with the element ( heat producer), my guess would be a bad relay (fuse) You will most likely need a tech tho not a big expensive repair - if thats what it is.

You mention not to waste time marketing to agents, but then how do YOU produce leads?

My mistake Bill, I was unaware he produced his own power.

:rock:

I was wondering if anyone is buying silver or gold and if anyone thinks real estate being down is good thing ( a chance to accumulate income producing properties) It's getting harder to determine where to put assets for growth and safekeeping as it seems things change so fast now days - it's tough trying to figure out which investments will stay relevant.

Paying down a mortgage that is around 5%ish is a horrible use of money that won't produce additional cash flow in the future with a fixed-rate note.

However, if that $220k is an absolute rock-bottom, I don't see you going wrong unless you're way off on the $15k renovation total.

Would you negotiate a commission with the off-market seller to be paid when you produce a buyer?