[Dantilla]

A few thoughts:

-My entire income is derived from real estate. Mostly income producing rentals, but I have successfully bought and sold a few fixers.

-I'm not interested in speculation. I'm not going to sit on a house and hope it goes up in value. No way.

-What I look for: Number one is it must be structurally sound. A house that is a bit scrappy looking, but has the potential for great curb appeal without major modifications. Just adding shutters, painting trim, freshening up the landscaping gets people to come inside and take a look. No gutting out walls. That takes too much time. I want to fix it up and sell. Not have a long construction project. Just new trim, refinishing floors new paint. Electrical and plumbing systems must be top-notch quality. I sleep well at night knowing I sell a high quality house.

About the market- As stated above, I haven't bought any houses the last couple years because the market has been too hot. Too difficult to get a bargain when everything is selling for over asking price before the sign gets stuck in the ground out front.

Now that the armchair quarterbacks are screaming you're too late, that's a good indicator to me that it's time to jump back into it. I can now look for a true bargain, and add value.

Yup. Add value.

Not wait for the market to increrase the value, but I'm going to go over there with my tools and add value. And have fun doing it.