The current owner is a church that was planning on getting the property re-zoned so they could put a church there.

Hey all. We've been toying around with some new ideas for the front page of BiggerPockets and we wanted your feedback.

Take a look at:
http://www.biggerpockets.com/index-new3.html

and let us know what you think!

P...

How's the RE market there otherwise?

For that I had to load up my mower in my Subaru, drive it over, mow, wash it mower before re-loading it, and then driving it home.

I have a homeowner that emailed from one of my ads, and said he owes
811,000 on the property, but just had it appraised for 845,000. How would I structure this deal. Should go ahead and send him an "Authorization to...

Yes, it might seem I'm asking the obvious but I'm very new to RE investing and have no doubt there's a lot of ways to create profit I don't know about.VERY loosely put, my strategy is to buy a rental property (which at the very least I break even on) use the equity from that buy another property, and on and on.

Because we dont know exactly how the units will look when re-painting and set, and also the cambridge market can be pretty volatile, (the units will be on the market in roughly 10 weeks from now) I'm going to project a per-unit price of =/- 10%, ie roughly 275 to 340k.Thus:Total sale price: 825-1020Commision (somewhat low, the realtor I am working with to buy the property said she would give me a deal if I also made her the selling realtor for the units): 35-45Transfer taxes, attorney fees, etc: 12kgross sale price: 778-963kSo we get a net profit of:102-275k Looks pretty solid.

When EVERYONE is doing it (buying RE, investing in "tech" stocks etc) it quite often TOO LATE.

If you can do a cash out re-fi and still have positive cash flow (even if it is only a little) you should probably do it.

A friend just said that in his RE class his instructor, who is also an investor, read the Indiana code and an corp cannot sell property without going through or being a broker.Is this true?