- Wait for the overpriced homes to fall- Wait for foreclosures to pop up like ragweed- Look out of state for reasonable properties- Figure out where growth will take place and buy in the direction of growth

So it sounded like it's just a pipe dream, but I figured I'd ask around anyway.

And it's doubtful that housing prices will continue upward in the next 5-10 years as they have in the previous 10 years or so.Also I'm having a bit of a problem figuring out your present loan.

It figures all kind of stuff incouding your tax advantage disadvantage, income potential etc.

Don't assume that your local retail home improvement store is the place to go for all of your needs- remember, every dollar spent in excess is a dollar lost.Make sure that your figures work out, and give yourself some financial room for the unexpected expenses that almost always come up when dealing with rehabs.Establish a good business relationship with wholesalers in your area.

It would have to be a HML to buy and those rates are pricy if you have to wait 10 months for a house to sell to break even if you didnt figure comps correctly.Thanks for reading and posting any advice you may have.

I found a property that I am might purchase as my first rehab project and I am in the process of figuring out how much I should offer.

Another thought - are you counting taxes, insurance and maintenance in your monthly figure?

I figured you meant HUD's appraised value.

I suspected the same problem but I can't figure out a way to fix it.