I ran into prospect this weekend and hinted at the price being a bit higher than others.

I have been listening to the podcasts and browsing the site for a month or so and am impressed with level of knowledge and the culture of the community here on BP.Being from north of the border I do get jealous when I hear some of the prices available in some markets of the U.S. but I do keep reminding myself to be happy with the raging economy and 1% vacancies of my home town in Edmonton.

Below are my numbers (I ran the numbers as if I am financing the 10k through HUD at a 30 term, although I'm just losing potential interest 2-4%) Purchase Price $10,000.00       Home Value     $47,500.00       Interest Rate     3.5% Down Payment 6.00% of the purchase price $600.00 Amount Financed $9,750.00       Income       Rent     $1,000.00 Other Income     0 Capital Appreciation Rate -1.60% per year of home value $46,740.00 Total Income $1,000.00       Expenses       Mortgage 30 year term $27.08 Taxes 1.05% of value of home $41.56 Insurance     $100.00 Flood Insurance       Repairs 10% of the mortgage $100.00 Vacancy 10% of the monthly rent $100.00 Capital Expenditures 10% of the monthly rent $100.00 Water   Tenant pays $0.00 Sewer   Tenant pays $0.00 Garbage   Tenant pays $0.00 Gas   Tenant pays $0.00 Electricity   Tenant pays $0.00 HOA Fees   Flat Lawn Care     $25.00 Property Management     $110.00 Total Expenses $603.65       Cash Flow $396.35 Cash on Cash Return on Investment 66.06% Annual NOI     $4,756.25 Cap Rate     792.71%Am I missing something critical?

FYI,  my parents are old school 1st gen immigrants who typically do things the hard way due to ignorance, language barrier, and cultural differences.  

FYI,  my parents are old school 1st gen immigrants who typically do things the hard way due to ignorance, language barrier, and cultural differences.  

I ran it using a property I just had an appraisal on and it was a wide range and used property that isn't comparable.

It’s the second largest banking center and has been attracting companies and significant population from New York and other more expensive markets on the East Coast for its great culture, low cost of living, and lower cost of doing business.Agree or disagree with my personal analysis?

The first time I ran into a strong turbulence and dropped 200 feet in what seemed like an eternal 40 seconds I decided to sell the plane .

I ran across an auction property (duplex) in Baltimore that is going for $40k.

I ran the numbers and offered her a price range which she agreed to.