Oil/gold - speculators are getting torn up and they are 'pi$$ed' about itResidential RE - buy and hold (no place to sell and HARD MONEY is tapped out for 09)Commercial RE - RETAIL is going to get kicked hard.

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However, many multi units are "heated" where SFH usually are NOT, putting some added risk on ME!

You also have the interaction of the other condo owners ad the Board.I would determine how many condo's are in foreclosure, and how many are not in foreclosure but are behind in the condo fee's.You also want to determine what percentage of the complex in owner occupied and rentalTake a look at the budget and reserves.

I always have a drop dead number for my wholesale deals and then I will ad 2-3k on top of that for my sale price and for instances like mentioned above where a wholesaler will find you a buyer.

Originally posted by Jason Trepins:Ground fault outlets will do their job without a ground wire attached..meaning some added safety.

I consistently get twice as many tenants with my free craigslist ad, paper flyers at the grocery store and $14 sign in the yard than my $500 a month newspaper advertising. 4.

What is happening is that banks are no longer loaning (creating) that additional money, the reserve requirement is still 10% (just an example, I'm not sure what it is exactly) but that is the minimum requirement, the banks don't have to lend (create) that additional $900 as they don't want to take on additional risk right now (very rational). 3 years ago, the $700 billion in TARP funds would have added trillions to the money supply (inflation), currently, the banks took that money and actually decreased the money supply with it by writing off bad debts or purchasing other beaten down banks at a discount.

As an added benefit, we all got a lesson in redevelopment and "highest and best use" of a piece of real estate.