[!@#$%!]

Originally Posted by atsonicpark

Good points and they echo things people in real life have told me.

I think I'm going to uh... sell by contract.. to a dude I know who already owns like 4 houses... I just talked to my mom about this.

i would in no fucking way do that. i guess when things land in our hands for free we don't value the opportunities that come with them. but you might have your reasons for wanting quick cash instead of long term profit, so who am i to judge?

i'd fix it up, find a nice tenant, and set myself up with a steady stream of cash for life. but that's me. i want more money

Originally Posted by Dead-Air

(former Fed chairman Alan Greenspan predicts the market will bottom out in early 2009, so things will likely be better soon enough).

i've heard other opinions ranging between 1 to 2 years because real estate is a slow market and it's hard to predict, unlike, say, stocks, which can fall overnight.