and much more affordable than the other side of the pass (jackson, wy).

Their financial position has since changed and they are starting to rob Peter to pay Paul on payments.. aka every month getting further behind.The house Appraised at 172,000 they owe 145,000 only a 7 year old house and when you run the numbers if they ask 172,000 probably settle with 165,000 (96% of asking price) and then figure a realtors commission and closing fees and last year's property taxes (10%) $16,500 that brings it down to 148,500 roughly .At the end of the day they would walk away with $3,500 if they were able to find someone soon enough.My proposal to them is to be done with it right away so they can get out from having a payment they no longer can afford doing a sub to financing offer and give them 147,000 ( they get 2g in cash for moving or whatever they choose) I will turn around and finish the basement off .

So before you go on to your third make sure you have a pretty hefty reserve amount so that you can afford to do move-out rehabs and pay the mortgage for a couple of months.

This works awesome for us, but we are in a market that has very few affordable 1 bedroom units and high demand.For example, maybe your 3 bedroom would normally rent for just $750.

Happy Thanksgiving BP community I was doing some number crunching on the Zillow calculator app this morning, and given my budget, I can afford, a max of $75k ( maybe $80,000 ) purchase price on a property.

Can anyone recommend a reliable, affordable handyman who knows a little of everything at an affordable rate in the Silver Spring Maryland area?

You have a good plan, just remember to buy what you can comfortably afford, and I think a great option to think about for younger investors (when you're financially ready) to start with is to consider a multi family, live in one, fix up the other, welcome to real estate investing :-) Just an idea to keep in mind when you're ready, but good luck and happy learning.

This one has the potential to be a $50K+ profit deal, but I'm on the fence because of the issues associated with it.I just can't afford to get burnt on the tail end of it.

If you can't afford a 10% dp on a house that leads me to believe your reserves won't be very much once you do purchase.

I can afford about 800-1000 per month .