So, I was quite surprised when I received this comment yesterday:BIG FAT LIES.

Having been around the Real Estate Market in the Bakersfield, CA area since 1996 I am going to agree with Gene.

THE INFORMATION REPORTED BY THE SELECTED CREDIT BUREAU SHOWS THAT THE CREDIT FILE FOR THIS APPLICANT IS LESS THAN THREE YEARS OLD.Shows up as a big fat red alert. 

Now I could've probably beat them down to 16-20k but you know the old saying, "pigs get fat and hogs get slaughtered."  25k was just fine.So why would they be happy with such a low number?

Don't skimp on either if you can help it, they will keep your pockets fat and out of trouble!  

If you are interested, shoot me a msg.Regards,Gene

Originally posted by @Gene Vityugov:Hello friends,I am an investor with a few properties in CA, but now I'm looking at out-of-state properties.So I'm looking at this fourplex - I haven't actually seen it in person, but here are the numbers, which look good to me:Purchase price: $50,000Rent: $1820/monthExpenses including management, taxes, insurance, water/gas: $660/monthVacancy/CapEx: $364/monthP&I: $190/monthThis looks pretty good to me, but I wanted to do a sanity check with the folks here.Just becareful with lower end properties.

i apologize about the bad spelling fat fingers on phone and i have yet figured how to fix or edit it

Also Taylor, contact Gene Guarino in Phoenix.. he's your local assisted living expert / mentor.  

Gene