Your achievement of these smaller goals now will set them up to become centi-millionaires and billionaires should they decide follow your lessons.Tim

I haven't decided if I want to take the plunge just yet.

My wife and I decided that I would live longer…and she would live longer with me, if I pursued less stressful (to her and myself) occupations.

As you get better at working with bird dogs you'll find that you have more time and money for other pursuits - like deciding what to tell your boss when you quit your full-time job and take the plunge into full-time real estate investing.

If the house has other offers coming in… then at that point you have to decide what you want to pay for the property and stop playing games with the bank… but if it’s only you making an offer… then you have room to speculate.

But the thin deal (you're at 80% of ARV) makes it tough to turn a good profit.If you decide to try to refi, and it does appraise at $125K, you'll be limited to $87,500 assuming a 70% cash out.

Who can decide what and when.

Here are my brokers comments regarding this deal:I decided to send the previous listing to you.

The first project I ever did, I decided to call five contractors to get bids; I put together a detailed scope of work and materials list, and had the contractors come out and walk the project with me.

I ultimately decided not to move forward or invest in the Detroit market.