In my market in Mid-Michigan the actual number of sales are up about 10% from last year at this same time but the average sales price is down about 10%, mainly stemming from a large number of the sales being from reo properties. selling way below the market average.

One of the main points is the question about what happens if the seller is up against foreclosure.

The point the authors make is that while many people are leaving the marketplace due to the media's drumbeat of "crashing RE markets" and the increase in market supply, savvy investors should be buying as many good deals as they can instead of sitting on the sidelines waiting for the market to finish its correction.

All these factors are the main reason we always offer free estimates, there are just too many variables involved.

The main problem I'm having is finding a local hard money lender.

When I started, like a lot of other aspiring investors, I MAINLY focused on Acquisition.

I want to do it on the side and mainly purchase a home put some tenants in it (help pay the mortgage) and then after a few years flip the house..

The main thing to keep in mind is that the deals don't ever get eisier.

I've ran into many that are broken, corroded to the point of needing to be replaced, but I'd say more often than not they are in useable shape.If they do need to be replaced you can break them off the main hub with a hammer, this will break the lead seal loose, removing just the flange collar leaving the 4" hub.

Hi,There are two main REIAs on Long Island, one based out of Suffolk County, and one based in Nassau County.