So, if you have buyers lined, and this fits their criteria, move ahead.As a rental, its a bad deal even at $75K.Here's the breakdownRent $800Expenses 40% of rent (Mike would use 50%)Expenses $320NOI $480Desired profit $100Left for payment $380Max price $57,117 (7%, 30 years)But, if you're wholesaling, it all depends on what your buyers want.

Which promises to be high, so owning real assets, at the right price, isn't a bad idea.

i told my parents about my idea of going into real estate and both adviced me against it. they keep telling me market is bad and a lot of real estate agents are having a hard time, is that true?

At $50K, its a very bad deal.

While it may not be as bad as they predict because we have a very resilient economy, it is going to be a rough ride.

The house is in a bad area anyway.

Here is one example and one that I want BAD!

Having to pay off a $5K lien might turn an OK deal into a bad one, and you wouldn't want that to come up after you already sank a bunch of money into the deal.

I dont know where to post this. I just want to get things off my chest and move on. I'm a little pissed off.

I just had a terrible experience at a closing this evening. I postponed everything until Monday because the...

I posted a couple of weeks ago (See what happens when a deal goes bad) about owning a house for the THIRD TIME.