Hello all my name is Lawrence,

I live in The Bronx (NY). I work for the Metropolitan Transit Authority as a train operator. I have been involved with real estate for the past few years. My goal is to buy 3 multi-fa...

ed n tameka

I don't know them first hand, but these guys do a lot of advertising around town:Rental Network5400 N Mesa St # DEl Paso, TX 79912(915) 581-4900http://www.rentalnetworkep.com/

Silverlake, Los Feliz and Hollywood.

He's already in the real estate business, he works for a company selling townhomes in the N.

I own my own single family in N Buffalo, so I'm not a total virgin...just new to rental market.Thanks,Max

This is just a hunch, but i think they had a big board meeting when they were nearing there target reserve levels to initiate release and it went: "well boys n girls, we will have the reserves built next week to start dumping these reo's, but know what, our lobbiests rocked and got us all the money we could ever need, and I'm loving these reserve numbers, screw it, lets invest these reserves and make MORE, and just trickle those reo's out until values make it worth our while to dump em" "but sir, what if these decaying assets start costing us, in Michigan we have to tear them down?"

I have alloted money for pool at 2000 for pool/pump/filter.I am using a hard money lender for financing details as follow:Gross Loan Amount: $93,445.50 (closing costs included)Net Loan Amount: $90,000.00Loan Term: 3 YearsAmortization Type: Interest OnlyInterest Rate: 11.500% Estimated Payment: $862.50Buy down Option: 8.500%Buydown Payment: $637.50 Buy down Costs: Add 1.5% to lender feePrepayment Penalties: N/ALender Fee: 2% of net (us)Underwriting Costs: $950.00, due at submission of signed offerThe details will change a little based on end negotiated deal.I have looked all over the web for ARV, and I am relativley certain that I will be asking 135000, expecting to get 120-125000.I know I am probably leaving something out, so please ask and I will follow up asap.Thank you in advance for helping out a new investor!

It is nice to know that people care enough to get rid of the shadow dude-n-dolla...

I think Des N meant - at that point when you are ready to decide to list it, the rehab will be done.