Also, companies in the real estate sector that have to import equipment, materials or input of any sort in the normal course of their business, would have to spend more per the devaluation.

I've been pre-approved for the asking price of the property ($24,900), and the mortgage banker at Quicken Loans has generated the documents based on that price.

We had one guy that rolled up in a Ghostbusters van and tried to con us into paying him $7K to use his mystical equipment to fix a fungus problem under a house.

I'm glad to hear you have a buyer, but I regret that you will not get the feedback and offers an MLS listing would have generated.

Also I like the car idea as generating leads (much like a contractor would use!)

But I think that would involve a lot of equipment purchases, not sure if a laundromat is a good business.Also thinking about turning it into a restaurant, however that's far from a passive income business...Looking for ideas...

Sounds like he is doing a ROBS, which is a way to direct your retirement funds to fund a business and generate taxable income outside of your retirement.

What's the best way to find leads besides having a connection with investor friendly agents?

With leverage and appreciation you can get something that makes the returns generated by the 50% rule and the 2% rule seem like peanuts.

ok quick update this is my new plan I'm gonna enter the wholesale market i know that with no job and lousy credit multifamily buying is out of reach at this time so what am i gonna do generate cash so i can go from wholesaling then into fix/flip eventually achieving my dream of becoming a multifamily investor.step 1 is to network and build my buyers list because u cant sell something is u have nobody to sell to and as I'm building that buyers list im going to find some potential leads any advice would be great owe i do have one question what do u guys here on bp think of Craigslist