There are many reasons to why they would.I would be careful buying with 100% leverage, and only do so with a sufficient reservae account.Jon wrote:"If the property doesn't work with 100% financing (even if you can't really do that), its not a good deal."

Henrik,If there really is sufficient equity in the unit, it can be a deal.

The United States started out as a country of hard working, self-sufficient individuals with a can-do attitude.

The acquisition price should be well under 85% if you're going to risk it, closer to 70-75% and your reserves should be sufficient enough to handle at least 6 months.

Surely, a property needs sufficient cash flow to cover expenses, debt service, etc. in order to run smoothly.

The end result is that we'll be forced to live within our means; to actually save money; to have a lower standard of living; to actually start manufacturing things again in the US; and to be more self-sufficient (without all the government handouts).

You may decide simply to move on to some other investment that will meet your objectives better.At the same, you recognize that satisfactory cap rate is not sufficient to make a decision to invest, because cap rate is a measure at a single point in time.

I figure receipts and invoices would be sufficient.

In addition, the banks are sometimes alarmed when no agent is involved as they want to make sure that the property is marketed sufficiently to get the "true market value".

I also pointed out that one nail/staple every 3-4 feet was sufficient, not every one foot.Another thing I would do was give them a second letter reminding them that THEY were responsible for SECURING THE WATER SYSTEM AGAINST FREEZING, during cold weather.