Sale price from wholesaler is $406,000 (he has it under contract at $395k)Rehab breakdown (based on bids):  - $6,100 on foundation- $89,500 on cosmeticsAnd here's where the confusion comes in:Wholesaler is advertising an ARV of $600kMy realtor is telling me we can get more like $625k based on his research.A seasoned investor I'm looking at buying this thing with is saying we can't sell it for more than $500k due to the market.As most of you know on here, Dallas is booming and this is a nice older neighborhood that has a lot of older people living there.  

So, the ones that could began to move back to the South of Kennedy Blvd. and the building boom was on.

I am in Arizona a market that dropped significantly since the boom, and I’m starting to think some investors are buying at FMV simply because they expect appreciation.

If you find it hard to or even worse, NEVER, sell a piece of property, you are not a real estate investor, you are a collector/hoarder.5.

I then talked to them about the National Republican convention coming to Cleveland in 2016, the associated boom for businesses, the modernizing of the dungeon looking airport, Cleveland Heights Coventry area, Ohio City, Shaker Heights, Eastern expansion, the amazing hospitals and top of the line clinics, numerous universities, jobs associated with the building and service industries that benefit, Lebron James, sports teams, hall of fame and the list goes on and on.  

Assume this is for a "young" person who has several decades to reap the rewards of salary, compounded returns, going back to school, take advantage of several boom/bust cycles etc.I think it's very possible if one lives frugally, has a solid job and invests prudently to get enough passive income to live off of in 20 years.

When the boom happened many years ago conventional loans came out with 80/20 loans.

Maybe they needed the $100 for food, or to pay off collectors, or for gas to get to work.

With the global economy, I think its going to take some time for us to be booming to the point that rates will be at that 9% mark.And the fact is, you are investing in real estate.

This is a good place to start.SIZE MATTERS- Only 18% of home buyers still covet a larger than 2600 sq. ft home, unlike the boom years.