I stumbled upon an article that had referenced this site so I figured I'd give it a try.I look forward to learning about real estate and have planned to take my first real estate class mid April.

I prefer mid to high end rentals.

If accepted it will close mid-July.

I bought it in mid Feb and have a tenant moving in on Tuesday, April 1 for $1,095.

I think the value play is now a long shot.I know many people make money on the lower end of the mid range, but I do not take known neighborhood risks, personal preference.Warren Buffett's rule #1 to wealth building is never lose money.

Right now I have a realtor in a small mid west town buying every wholesale deal that comes on the market we are paying 7 to 15k per home... then in FLA my deals are 50 to 60k wholesale I just did a few in the Carolinas were they were 200k ish...

TK company4 marketer5 super marketerEach and every level increases the purchase price..Its the same with the very deep conversations regarding GURU training.Everyone on this site *****'s profusely about paying gurus for training but there is little mention of those that sell houses for far over true local value.And that is a mid west and east coast SOP...

Most houses in this market that are not trashed out, old places next to a crack house start in the mid 200s.However, although I still think you're all a bunch of greedy bastards :0), I appreciate your comment.

There haven't been too many comps lately, but into mid-last year they were running the $45-48/sq foot.

the loan is 5 yr baloon and it's in the mid to high 5's right now.Bill Gulley recommended that i ask the bank questions regarding the "index, floor, ceiling and margin". i did and they said it's not following an index since they keep it in house. therefore, it's fixed rate for 5 yrs, amortized at 15.