One I have to see at 4:00PM sharp every Friday. ( I have the Bank on Speedial to confirm the Bank hasn't made an error with the Tenants check;-)Pain in the Butt but it's complicated and worth it.

The reason being that money isn't really invested in the deal, I understand you want it in place for a safety net but that isn't a function of the cash invested.So the numbers I come up with are:Ask Price $64,600.00 Loan $51,680.00 Down20% $12,920.00 Closing6% $3,100.80 (I use 3% but I'll go with this for you) Touch Ups2% $1,292.00Property Type 3 Rent / Unit 483.00 (Based on reported annual gross) PI 285.38 (I used 5.25%)Expenses 50% 724.50 Total Expenses 1009.88 Monthly Gross $1,449.00 Annual Gross $17,388.00Monthly cash flow $439.12Annual cash flow $5269.45Recover Funds $18088 41.2MonthsCOC=29.1% There may be an error or two from as I copied it over from my "quick and dirty" spreadsheet, but all in all I think you get the picture that this is a pretty decent buy.

It eliminates reduncy and errors.

err..." or whatever...hope this helps...Yea I’ve tried every type of marketing I think that there is but for years and years all I’ve done with ‘Leasing to Buy’ is direct mail marketingWe get the lists of properties that are for sale on the MLS and we print those off.

You can request an appraisal "review" for major factual errors, but they're routinely ignored.

Bill: around here that's called operator error....if your beer gets warm you're drinking too slow

Another plus was that I found out the county had dropped my homestead exemption due to an error on their part and we got a check for 230 bucks refunded from the county too!

The "meat" was that I have ALWAYS made my payments from my checking account and at the time of the late, there was an error somewhere (bank?).

Instead of looking to have stuff handed over on a silver platter, why not do some trial & error tests?

Hi All,

I want to start investing in RE , I am looking to buy in Chicago am contemplating a Multi-Family unit. But I do not know what the exit strategy for that would be. Can I sell them as easily as a condo or a tow...