For example, I once paid cash for a brand new Mercedes.

Greetings to all in Bigger Pockets.

My name is Davin Wright and I'm from the DC/MD/VA area. I'm glad to be on this website and looking forward to getting alot of information from different people on the site.

I'm...

If you bought 10 places like you said in your example...man, that could be a bad situation, I would think.

For example, many homes to the untrained eye appear to be in bad shape and can warrant deep discounts when in actually they are only cosmetic repairs that can be fixed for a fraction of the cost.

I did a cost analysis and found that it is not very profitable to flip, however I am really curious about renting.An example is a place I am looking at an 8 plex that does not have individual gas and electirc thus land lord must foot these costs.

If you know a major employer is moving in, for example, you have good reason to believe demand will increase.

I would check for everything like the fees you will be responsible and what freebies they give you...also find out how much freedom you have to market yourself - some brokers won't allow you to have a personal site without too many rules to make it useful for example...also check how many agents you will be in direct competition with, what training they provide...all those things make a big difference!

The organization called Twin Cities Habitat for Humanity Mortgage Foreclosure Prevention Program (MFPP) for example is one of the organizations that assist people facing a mortgage foreclosure hoard their homes.

That's just one example of what I dealt with.Run from WaMu!

For example Rehabbing, trailor parks, mini storage, creative finance using notes, asset protection etc etc.