They wouldn't take anything below 55K.This was the closest we've gotten to acquiring our first property and am disappointed in not getting it.

Give money to cancer/aids/etc research.

I am new, and I hope the kind members of this forum don't mind if I plop my post down right here :) Sorry to bump an older thread, but it is the closest thing I have found that is related to my question.

In some markets, like our closest metro area, i could sit on the MLS all day and find great deals.

"Equity Sharing" is the closest thing I can come up with.

But she listened to somebody who told her to be a "full time investor" and drank the Kool Aid.

Try your local library and enrich your mind on these things that can aid in you becoming a bigger pro in this game.We all are learning everyday to be better players in the game of business and i learn so much everyday thats sometimes i have to take a break because my head hurts from all the knowledge i consume all day long.No matter what you do always use a corporation or llc to play the game of business and never ever do business as a DBA unless you want to take the pain home when something goes wrong and you are 100% liable for.

Pick a city and I can show what is closest based on the public info.John Corey

There are no REI clubs here in el paso the closest seems to be in NM and I'm sure the laws and process are different.

I was targeting a "cash on cash" return of 5%... and I plan on having a property manager handle the management...So here's how the numbers looked (The building is a 6 family: 2x3Br, 4x1Br)...Purchase Price: $290,000Total Monthly Rents: $4275Expenses (50% Of Rent): -$2138Mortgage P&I: -$1558 (based on $217500 Loan at 7.75%)Projected Monthly Cashflow: $579I realize I'm pretty far from the 2% rule here, but situationally, it's one of the closest I could find in my area...