In addition, since this unit has owner payed utilities, the expenses could very well be above 50% of gross rents.When I analize these deals (quick analysis), i take the max. gross rent, subtract out the "current vacancy" arriving at the adkusted gross income.

Additionally, as Andy pointed out, the estimates seem *VERY* high.

., better have a cash buyer on the other end because the buyer's lender will require the buyer to bring the assignment fee in addition to the traditional cash to close.

In my seminars I explain that there are 4 main benefits to owning real estate.first- APPRECIATION, which has averaged over 5% per year for the last 59 years.second-tax benefits- This can either be paid to the irs or can become an additional investment pool to draw from'cash flowprincipal paydown.

If you're considering getting your real estate license for an additional income stream, that might be an idea, but there isn't a whole lot of real estate being bought and sold right now.

In addition, my understanding is that putting your personal residence in a LLC will cause you to forfeit the $250K ($500K if married) capital gains tax exemption on the sale of your house!!!

In addition I have two associates who's full time job to travel the country looking for good buy out deals.As a result of the real estate collapse in the US, several Americans are not able to close on their units they purchased 1-3 years ago and are just trying to get out of their contract.

In addition, certain strategies can be altered or modified in a way that a less experienced real estate investor might not be aware of, or may not have even considered.

I was wondering if i should come in at 55k as well, or 56k or 60k....does it do any harm to lowball, will the listing agent just say no way, the bank has said 68 so get close or will they try to convince the bank....make your case for you?

Michael,I do not have any info in regards to a clause but have you considered putting in an additional meter?