I have always been told that real estate is better than money in the bank and I have to agree. Real estate is better than money in the bank because real estate generates money by renting or fixing and flipping. While money in the bank just sits and collects a very small interest rate. There is a lot of money to be made in real estate. Earth is not making land anymore and as people populate land dosent. Land is getting higher in demand and lower in supply. You can buy real estate right now at great prices at courthouses that have tax liens, bank foreclosures, and auctions. Let me tell you guys something that just happend that I came across its to phenomenal to keep to myself to those of you that are interested. I was looking on a real estate site and I saw a listing that was in the city I live in. I couldn't believe what I was looking at I thought it was some type of mistake so I immediately got in my car and drove over to the address to see the establishment in person. When I got there I was in shock. The property was on 8 acres with a 23,000 square foot building and they were asking just $35,000 for all of it! yes only $35,000! When I saw the outside of the building and the property I was in disbelief so I immediately jumped in my car and went to the realtor agent that was selling it. I got to the realtor office and asked a lot of questions. The realtor said they have a contract pending!!!!! They let me do a walk through of the building since the building was not technically sold yet. When I was in the building it didn't need much work the building is old and was used for manufacturing the building has a nice foundation, roof, drain, and the plumbing and electrical work great. I also checked the building for asbestos and didn't find any but I would probably sheetrock the majority of the walls and ceilings anyway. I have no Idea why this building and land is so cheap. I know this would cost who ever built the building way back in the day at least $750,000 with adjusted inflation. I know with the building fixed up with the amount of work in needs would sell for $350,000 or better even with the real estate market down. Im not even going to try to resell it. I got ideas im going to use the building for. The building is zoned for anything and is ok with the city. If im not able to get this im going to be sick.....I kinda feel sour about it now. Im sure the contract that is pending is a counter offer to what the owner was orginally asking. The contract is probably contingent though on the person getting bank financing or giving enough time to get the funds by selling an asset to get the capitol to buy the property and building. I called the realtor today and he told me that the contract pending is probably going to happen and the building is going to be sold. I told the realtor that I would pay $37,000 cash on the table! So my backup offer is in. If the deal that is pending falls through then with the offer I made is next in line to get the place. One other thing that I know that I can do and that is to get ahold of the owner trying to sell it through the real estate agency and tell him I will go more than he is asking. He can cancel due to seller's remorse getting cold feet and not wanting to sell the property as long as he hasn't signed the dotted line on the contract. So im going to have to go to the court house on Monday when its open and get the latest tax information on the property to get the owners information because the realtor won't disclose any of the sellers information! Because they don't want to lose their realtor commission. The only other thing I know I can do to get the building is if im not able to get the property and the contract is final. I need to offer the $37,000 to the guy that just bought the property before I could and I would even offer more if I needed to get it. This is the type and price of real estate that people dream about. This property is a once in a lifetime opportunity. If I dont get it I might aswell be in the hospitial. I look pale and feel sore just thinking about not being able to buy it. The last to days I have had trouble eating and sleeping because this can be a life changer for anyone. Im trying to stay optimistic. Crossing my fingers and praying im able to buy the building and the property. If you have any real estate type questions please dont hesitate to ask me. Any advice on how I can better my odds or any other ways of getting the property please feel free to post on the thread.