The space rent is $650...located in a very nice park in the Imperial Valley of Los Angeles.

James Park, As long as he put in at least 750 hours AND more hours in real estate than anything else, he will be able to deduct those losses are a real estate professional.

Not much time for questions but I got enough in to blow his scheme, I left and waited in the parking lot and handed out my business cards.

Hello Karen,my definition of CRE is sweeping.Hotels/Motels, Gas Stations, Office Buildings, Retail Buildings, Mixed Use properties with one store frontcan be CRE, Parking Facilities, Hospitals, MFH's, Industrial properties, land defined as commercial by town, Automotive, Restaurants, Day Care, Self Storage and many more.As PM I would purchase an Apartment Complex +25 or if possible an Office building.

Now, of course I can not prove that it is a certain tenant that is cleaning out her car in the driveway, but she is the only tenant that consistantly parks in this certain spot AND smokes Newports.

July, August, and September are prime time for camping and visiting the Park (Yellowstone).

-Minutes drive from Shockoe Bottom, Canal Walk, and MCV -Numerous art galleries and antique shops About the Property -3 bedroom / 1.5 bathrooms single-family house -Carpeted bedrooms -Washer/dryer -Off street parking -Security system -Large planted backyard to relax with friends -Enormous walk-in closet, private upstairs porch -TV, internet, water included -Lease information -Renewable quarterly (every three months) -Available on 10/21 Minimum Qualifications -Gross income must be 3 times the monthly rent (You must make $1500/month before taxes) -Clean background and eviction record -Favorable credit score -Good rental references from previous landlords About me -Ian, 23 years old, young professional in finance -Alma Mater: Virginia Tech -Moderate cleanliness (I clean and keep things clean) -Interests: Ornithology, competitive checkers, avid bar hopper Sorry, no pets allowed.

Just a set amount per month, lead or not.Finally using the same idea I started having employees that parked their car in a good location do the same thing with the promise of a $500 reward for a deal.

Lane it doesn't really matter what they're asking, what matters is what the value is and since you'll live there that is definitely going to be different than a typical rehabber would pay.Here's where I'd start;1) What would a freshly rehabbed house in the neighborhood cost (you say about 150-165 let's say 155)2) How much are the repairs going to cost(at least ball park this one for now) we'll say 25K(8K roof+12K interior updating and repair+5K landscape and exterior)3) What kind of a discount do you want for doing the repairs instead of just buying a rehabbed house(15K not enough for a rehabber, but you're not trying to make a living at this just get a better deal on your personal residence)So 155-25-15=115K would be my maximum I would offer based on my hypothetical repairs ect.I would assume for the discount to be that much below the ARV you've stated that either the repairs are substantially more than 30K or they're trying to get a bidding war going to drive the price up or your ARV may be off.

In addition the property would require a security gate/fence, parking lot resurfacing, and lots of landscaping.