You can certainly get wealthy but not by working 1 hr a week and watching your accounts fill automatically with money.Real estate takes work especially when you are starting out with little knowledge, no contacts and little idea of what a solid real estate deal really is.Another false image is that you can be buying properties with little to nothing down on a regular basis.

I really hope to get knowledge and form friendships in the real estate world.

Their opinion was that fair market is broad and could be lower or higher based on many factors: condition, long term versus short term, knowledge of the pending foreclosure going into the lease, etc.

Detroit seems risky, on the edge of bankruptcy, Memphis crime rate is pretty high, Phoenix we don't really have set up our mind on it.Remains a lot of other good followers : Oakland, Austin, Charlotte or Charleston...Any help in our american real estate quest will be gladly appreciated.This website is a true gold mine with a lot of knowledge and that's why i'm coming at you right now :pThanks,Loic

As you read this post, you can think, and begin to notice that it is your experienced knowledge which will help me produce a win/ win situation for all parties.

So is the thing that is now getting the way your knowledge of his profit?

I think that in New England, it is difficult to find older houses (which is most of the housing stock in some towns) where NO ONE has died, simply because as you go back in time, it was more and more common to stay at home when you were elderly and ill.Murders and suicides are less common, and have much more of a stigma.

I am a new member of this forum seeking knowledge for investing in real estate.

Steve Babiak I am not sure what you meant by your comment, but I ask that if you do respond to others questions that it is in a manner that is adding some knowledge to the topic at hand.

Knowing how to handle all your expenditures to minimize your taxes is the real value a CPA brings.You do need a CPA that's knowledgeable about real estate.