If you like speculating you can mimic what some Hedge Funds do- buy an oil tanker and let it sit in the dock for a few years before you then proceed to exploit price changes.

The person who recently got a new job might have 401k money sitting at their previous employer that could be moved into a self-directed IRA, if only they knew that was an option.

Think this is high and will sit especially if they hope to have it sold by October because they are moving.

With a little friendliness however i was able to get a sit down with a landowner of some very large tracts that the people at the country store told me would never talk to me.

I want to letters after someone's name, CPA, CLU, CFP, Attorney, I'm not sitting through some insurance agent's whizbang seminar or some real estate agent.

Since the seller is willing right out of the box to finance the purchase I suspect this seller may be getting worn out and may be sitting on some major repairs or replacements they're hoping you don't spot.

If you had 70k sitting what real estate venture would you pursue and why?

You need to be realistic but, yes, you don't want to sit on the sidelines forever.

Thanks.Hi George,Our group buys a lot of property and we don't really stick to any percentage rules in our market.The ARV's and comparable sales are all over the place in most cheaper markets.I believe that this is the case in many other similar a markets where properties can be purchased for around $50,000.I suggest you sit down with as many investors or potential home owners possible and take down notes of what everyone wants.Have a good database system going and then just start providing them with property.While in KC our group bought around 20 properties in 6 months from 1 of our bird dogs.Just my opinion.Thanks and have a great day.

I.E~ "We can get cold, hard cash in your hands in XYZ (short time period) weeks." or "If your property sits on the market for too long it will cost you a lot." or "Another buyer may not be able to handle repairs."