I would guess that the worst case is that you couldn’t sell it at all and you stuck paying fees forever.

Ill start with my current situation and mindsetIm 22, I bought my first investment property 10 months ago.A duplex in my hometown (spartanburg, sc) for 108,000I put 27,xxx down, and I currently owe 69k on it.So far I have been lucky, having 100% occupancy and only 300$ in repairs.It has generated a little over 250 dollars a month (I lose 95 a month having it managed by a company)What I have been doing is putting all of the profit towards the principle, plus adding any where from 500-1200 additional to the principal each month.My theory on this plan was hammer it, get it paid off, then buy another, do the same except id have all of the flow from the already payed off duplex on top of my additional principal payment.I was looking at having my current duplex paid off in about 3 years and 2-5 months (depending on occupancy) Now....I have done the math several times, and tried slight changes to my original line of thought and I get the same outcome every time.....It will take forever to get big returns paying them off in full one at a time.I think I was being overly safe.Rental property is what I want to focus on.I can see eventually getting into commercial property as well (still rental)Id like for some experienced people to advise me on different ways to go about this.Something id like some criticism on is what I've been thinking about latelt:Lower end properties.Im not sure if I could get a loan on 22k (for a duplex) but im going to find outBut from what I have been seing, if you can keep people in them, the yields are much better than what im getting on my 108000 investment (which if both sides are rented brings in 1100 dollars a month)The area that it is in is populated....its just....lower end property as stated aboveIm not sure what comes into play when you get in that area, and if that's where I should be looking to move to with my investments but that's why im asking(In theory I could put 25% down on a lot more 20k duplexes than 108000 duplexes, and the mortgage would be next to nothing if I could get a loan, one unit would cover the insurance and mortgage payment with ease)Wow, long first post, =PThanks in advance

I just needed some advice on what to do, and Yes I am well aware that I will probably never own property again and ruining my credit forever thanx for reminding of the facts I already know.

Things are sitting on the market forever.

Likewise, a development purpose at acquisition does not forever preclude capital gain treatment.

We can argue forever about it.Not that I care to defend the democrats (bunch of impotents ) but where do you see evidence that Rev.

But my main issues with FHA, and particularly Countrywide, have been that they take forever, and that it has been much harder to influence the FHA appraisal/appraisor than a realtor doing a BPO.

I haven't applied for any type of consumer loan for almost 3 years now.

If it's a serious question, here is the reason why economists will sometimes recommend spending money in a recession (don't attack me for this answer, I'm not saying I agree or disagree with it...just that this is the logic behind the idea):Pouring money into the economy spurs consumer and business spending, which increases demand, forcing businesses to up productivity, thus creating jobs, which in turn continues to spur consumer spending and the cycle continues.A good example is WWII, where the trillion dollars spent on the war spurred a huge economic recovery in this country.

They'll become consumers and one billion consumers are not small change.God speed USA and God save us all....