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Real Estate Investing Rocks!!!
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2/22/2008 - Met with landlord
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He has 8 properties he wants to be rid of.  There are 2 he really HAS to sell, the other 6 he could owner finance.  I don't know if I can buy any of them.  His prices are not that great.  I am used to evaluating by price, because of wholesaling, but people on FH are saying it's about cashflow.  That's hard for me to agree with.  I wouldn't want to buy anything that doesn't cashflow at least $200/month.  I'll have to go over the numbers more and talk to him next week.

 

I'm supposed to go see a house in Killbuck tomorrow.  Spoke with the Holmes County investor that knows the area and he warned me about that area being in a flood plain.  He said it would be hard to even do a rehab there because you have to have extra flood insurance, etc.  It is snowing so much right now I might postpone.

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