Also apartments depending on their age require 50-65% of gross to go back into them.

Fred, You can also comp the land and then use the cost to build the house today and depreciate it based on the age of the house.

Once you find an agent, have them compare your home with other sold homes of comparable size, age and location.4.

My understanding (limited though it is on this) is that you can only offer seller financing on your personal residence w/o being a mortgage broker or some nonsense and only then if you jump through a flaming hoop whilst reciting something in latin and clicking your heels?

Bottom line JL is I'll take gay, liberal, statist, obama butt kissing, gronola munching, dope smoking (off the property), hippie money all day long just so long as it's in on time.I love hearing my liberal tenants 2-3 times my age try to tell me how they've got the world figured out.

As we age and grow our net worth I find myself wanting to be more conservative and shore up our balance sheet some more.

I also will drive around the neighborhood looking for vacancy signs and phone numbers and looking at the types of housing available nearby, condition of the property and approx age.

It's not something we've really pushed heavily though as we kind of like the idea of the re-occuring income that rentals produce and I think we'll really appreciate that income once we reach retirement age and all of the houses are paid off.Kel

the above posts are spot on...it's all about fear...like marc, i was in college, and figured, what the hell...if i lose everything i could always go back to bartending...luckily i haven't had to yet, but i would if i had to..used to meet a lot of cute girls that way :wink: i guess it gets harder as you age, get married, have children and need more financial security..i could live on 500 bucks a month if i had to, so that helped alleviate some fears as well

Hi AllI am looking to diversify my investments, and one area I am considering is RE investing.My situation42yrs age with family, work as finance executive in small company I currently am invested in stock and bond mutual funds - all types foreign, domestic, etc, as well as cash.would like to get 50-75K into another asset class, as my current investments are pretty correlated.