You can sell the second deal anytime and probably make a profit.

Well, you would have already collected a deposit from him (we get 2 grand) so a) you are already up a grand and he loses his deposit b) delay the closing (if your buyer is laying in the street somewhere half dead that won't be a problem)c) Sell it to someone else because you would have normally had a back-up buyer ready)d) Walk away from it and you still made $1K profit

As a rental:$850 rent$425 expenses (50% rule)$425 NOI$100 desired cash flow$325 max payment$48,850 max all in price$10,000 repairs$38,850 max you can pay for itAs a fix and flip$139,900 ARV$97,930 70% of ARV$10000 repairs$87,930 max you can pay for it$20,985 best case profit$13,990 realistic profitProfit based on paying $87,930 and sticking to your $10K budget.

Find out the "cap rate" on similar buildings in the area, figure out the expenses and projected income, and calculate the value.Whether that's what its really worth to buy and be profitable is another question.

That would be a tragedy.If any of this bear talk comes true, we can only suggest to get out now and move your funds into a more profitable vehicle, I suggest real estate!

Sounds like loan fraud to me.Takes a LOT of rent to be profitable on a $240K note

My name is Katrise, I am a real estate investor currently in the Baltimore MD area, I focus on Short Sales, Wholesaling and other profitable facets of real estate, I also help other like minded investors get educated on the many different ways so utilize this "bad market" in order to make them the most profit.

Speculating is certainly investing and can be very profitable if things happen as you expect.

However, this tool is used as more of an exit strategy to maximize medium term profits.

I have been in contact with them, but they seem intent on trying to sell the house and make the owner a profit.