Four mortgages have a balance around $90-100K, with values ranging $135-165.

Your example probably took place many years ago when the market was more balanced and deals were more plentiful.3.

Proforma GOI (market): $120K ($1K/month)NOI: $78KCAP: 5.6ARV: $1,392,857Refinance 70% LTV: $975K loan amount less $560K balance = cash out at $415,000. $415K less rehab costs at $200K (20K/unit) = NET $215KYou would pay a % of the future value in this example, you certainly (and neither would he) wouldn't pay $1,392,857 for an asset generating $75K per annum, understanding that the value therein would be offered at a 3.2 CAP.

If you can demonstrate a track record of executing on the business plan you set forth, the banks will continue to lend you money and as they become more comfortable with you, your loan originations will out pace your balance sheet.

I know that insurance has also become a problem in the state, but I'd imagine that an entire state isn't just going to become uninhabitable so eventually things will have to balance out with that.Do you guys think that with all the issues in Florida real estate market, that it would be a good time for a cash investor to get good deals?

Don't be house poor or you may be houseless when the next downmarket, job loss, recession, or stubborn leak shows itself.If anyone is looking for advice on small software companies, or agencies, or balancing a startup during a day job, I will try to reply or answer DMs as best possible.

It does help to balance the higher cost of living in areas with higher property values, but at the extremes it can get really weird.

Whether it's the interest rate spread, extensions, terms, or amount of stock needed, we can work something out that fits their needs.I've learned that the balancing test is important.

Consider whether you aim to build a substantial real estate portfolio for ongoing income or diversify investments over time.Risk Management: Assess risks associated with property ownership, including vacancies, maintenance costs, and market fluctuations.Risk Management: Assess risks such as vacancies, maintenance costs, and market fluctuations associated with owning multiple properties.Tax Planning: Work closely with a tax professional to develop a balanced strategy that maximizes current income offset with depreciation, while planning for depreciation recapture and optimizing use of 1031 exchanges.

Ehhh my own fault.I'm deep on regional banks.I believe they are the back bone of American small business and all seem very well positioned.After reviewing many P&L's and balance sheets, I see lot's of value but time will tell.I'll either be a hero or a zero with this high risk investment.Wishing you much success and keep the dream alive