If you enjoy something, it far easier to weather the tough times and easier to stay motivated.

I'd tell them of my day and the weather and evertyhing else to get them used to my voice and smells and sounds.

If rents are below market and still at 60%, chances are many of the renters are undesirable and the purchaser is looking at undergoing a 100% turnover in renters, hence a real need to be cash rich to weather that storm.

Also, remember that even if you got 100% financing on the property, there's still a matter of coming up with commissions, closing costs, etc.I don't mean to come off harshly, I understand your position, and trying to get something going.

Depending on his involvement will depend on weather I continue here or outside of SD.Andrew - good luck to you as we'll and I wish you the best.

The biggest difference I find in my limited experience with 2 SFRs there has a lot to do with weather related issues that we don't face here that causes both more wear and tear on the property and thus increased expenses.

Currently doing a project in Bowie, I'm not liking how the weather has started but I'm going to make this a great year.I brought a house in Columbia heights from a home owner who house had been purchased from a tax sale and we closed just before the lawyers were trying to foreclose.Taxes, interest and lawyer fees total about 16k on top of that the guy owed 41k to the irs.

We (wife and I) are looking to bring in a partner and are in the early stages of fabricating the deal regarding investment, profit split and weather there may be a more beneficial strategy to the whole deal.Property Details:Purchase = $50,000 (cash)Rehab = $35,000ARV = $120,000EGI = $19,000Annual expenses = $9,500 The deal: I bought the property thinking it would be a quick flip/wholesale deal but I now want to hold it (the above valuations are conservative and I hope to realize better returns).

Another option could be to call a company like WindowFix to give you an estimate to re-gasket/weather seal all the windows (approx. $200/unit).

When that comes how do real estate investors weather the storm and not wind up declaring bankruptcy?