i was just on the property deed search on the michigan.gov site and im sure this would be fraud to sell someone elses property just because you hustled up a deal.Im sure people might fall for it going to investment homes and what not.

The owner is 3 mo behind and with penalites and what not owes about 2500-3000.

A lot of people also felt the same way about the iPhone when it first came out, thinking it was over hyped and what not.

Don't call customer service because they don't know what notes are.

Yes, wall street sucked, and yes, the rules and regulation of the banks sucks by raising your interest rates and what not... but look at it from this point of view.You agreed to their terms when you decided to use their money/loan/business....

Do you listen more then talk and try to find win win or do you try and show them why you're the best to buy it or what not.

Just wondering before I start if anyone has an opinion to share on exactly what or what not to write to NODs.

So that is what I mean by the TV will be the SEV – that is the same in most places around the country but since tax levels are way less – like this very same property in OH or MS or AL may be $1,200 taxes for the year – so if your off your only off by a few hundy a year – in places like Detroit if you don’t understand how the tax system works you could be off a few hundy a month – not a year.The reason your other property has the same TV and SEV is because the year you bought it they were brought to equal – if you look back in the tax records you will find the year prior to you buying it they were different (unless someone else bought it that year) etc…..From a straight numbers game since this is cash on cash you need to figure out what return you want / need but I think $30K for a duplex is way overpaying in today’s market – not just in Detroit / Michigan but in a lot of markets – I wouldn’t pay that in most of the markets I work in.Not sure if your property is really in the city or in the burbs or whatnot but there are better deals to be had in the city for sure – just my opinion and this really depends on the type of hood you buy in.But – I would examine three things….when you started this thread:-You were going to pay $25k – now your going to pay $30k-The rent was $1,600 now the rent is $1,300-Your taxes were $2,000 now they are $4,300How sure are you right now about your other numbers and assumptions?

I dont have the cash for down payments on investment properties and feel like I will benefit more by at least holding onto the one that has positive cash flow and appreciation potential.I am aware of alternative means of financing and whatnot, but the more I think about it, the more I will have to search for more ways to increase my capital and find creative financing deals if I really want to pursue more real estate investing.Im not desperate to sell either one, so is there more value in holding on for a better market?

(thank god I have a lot of money saved up) Im still living with a parent so I dont have any bills outside of gas and what not.