There is a Wegmans that's coming to the area and the mall is being revitalized.That being said is it worth it to hold the property and hope for it to appreciate or go ahead and sell it??

I agree with Andy, talk to the banks and see what they will do, you may have a couple refinances ahead of you.I am using a HELOC for my first purchase of my second attempt at investing in RE.

Sounds like you have fun opportunity ahead of you.

@Matt Vaughn That's why I encourage most Newbies to go ahead and become a Realtor.

You're a straight shooter.

@Paul ColeYou would have to really ahead of the trend.... maybe some lower end areas of fishtown might be worth checking out.

It's probably better to just get them straight from the title companies.Even if you do get more than a handful of pre-foreclosure leads, Listsource requires a minimum $50 list.

@Adam Johnson I'm not sure what kind of water heaters get installed in NY, but around here they don't need chimneys, just vents, usually 4" metal pipe, straight up through the roof with a cap.

It also made analyzing deals easier because I knew my financing costs ahead of time.As to finding the deal first - I noticed when I went to local REIA groups that there were tons of people pursuing that strategy, while the few people with money got to cherry pick.

I wasn't a huge fan of the efficiency either, but I went ahead since there were 2 other units with multiple bedrooms.