This is when a life policy 's cash value screams.

The liberals will scream and yell about how I am spinning the truth of this story and got my position from Fox News.

As an example, just look at this forum -- people here are aghast about the whole Wikileaks episode, but Paul is screaming about how our government needs more of this type of transparency.The moral of the story is that the pretend Conservatives are in the process of being called out for the phonies they are.

I believe can estimate 6-7k month conservatively(I could be way off either way), based on 40-50% expenses, the NOI doesn't scream.

There are a few storm window panes missing and interior window panes missing but nothing screams "replace me".Should we just putty, sand, and paint them all?

. :)Now if it has extra developable land or is close to a corner for commercial development you could extract a very good return out of it changing it's use or parceling out the extra land to different buyers.On the income aspect alone it's a loser.It sounds like the improvements they have done to the property they are trying to get paid for with an inflated price.I saw another 40 unit the other day.An out of the country buyer bought it and rehabbed it and is trying to sell for 3 million.The property is only 40% occupied and the rents are too high.When I see brokers talk investors into this sort of thing it makes me scream........

John,You should be looking for assualt rifles, bloody bodies in the street, piles of cocaine on the sidewalk, and perhaps the occassional 35 ft fireball.

Their blood is poisonous :mrgreen:

For future readers of this thread I wanted to let everyone know I beat this to bloody death for weeks to find out that Sunwest Trust and Naber's i401k are pretty much the best options.

At face, this would be a screaming deal.