:roll: )I'd pay off the residence with extra principal payments on top of mortgage payments, while making regular mortgage payments on both rentals.

TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B Reston, VA 20191 In execution of a Deed of Trust in the original principal amount of $212,100.00, with an annual interest rate of 12.1500% from BRIAN DAVID BROWN dated August 26, 2005, recorded among the land records of the Circuit Court for the COUNTY OF FAIRFAX as Deed Book/Instrument # 17705 AT PAGE 2027, the undersigned appointed Substitute Trustee will offer for sale at public auction in the COUNTY OF FAIRFAX, on the courthouse steps at the front of the Circuit Court building for the County of Fairfax located at 4110 Chain Bridge Road, Fairfax, Virginia on January 30, 2007 at 11:30 AM, the property with improvements to wit: APARTMENT NUMBERED 2061-12B, TYPE B-R, SOUTHGATE CONDOMINIUM, AS DESCRIBED IN THAT CERTAIN MASTER DEED ESTABLISHING A HORIZONTAL PROPERTY REGIME WITH ATTACHED PLATS DESIGNATING THE RELATIVE LOCATION AND IDENTIFICATION OF EACH APARTMENT RECORDED IN DEED BOOK 3912 AT PAGE 254, AMONG THE LAND RECORDS OF FAIRFAX COUNTY, VIRGINIA, AND ANY AMENDMENTS THERETO HEREAFTER RECORDED, AS PERMITTED BY PARAGRAPH F.9 OF THE SAID MASTER DEED. and described in the above Deed of Trust.

Funding Program Requirements: - Complete the Funding Application - Submit 1 to 3 page project summary or business proposal or Executive Summary** - An original bank “capability†letter or current bank statement, which states borrowers financial ability to place the minimum $100k or 10% (whichever is greater) of the loan amount into an escrow deposit - Last two (2) bank statements (When application is preapproved) - A company business plan (if necessary) and Insurance (if necessary) - Last two (2) years of income taxes (if applicable) - Borrower’s legal documents (Filing receipt, tax ID, etc) - Two (2) color picture ID for principal.

It's better to just have the cash to put down for many reasons, a few being; you'll show you are serious about your investment and intent, and you'll SAVE MONEY on your payment/principal amount!

But they all use the same principals of "The Law of Attraction" as their underlying message.You can use "The Law of Attraction" to attract more than just money, but money can be a great marketing tool :).Really what they help you do is become successful, and successful can be whatever you define it to be.

If one is not a principal in a transaction, one has to have a license in Illinois.

(which can go to your next purchase or principal only payment on that multifamily place)Originally posted by "ianternet":I am still within my lease and can not get out (I can just lose my deposit and pay another fee)How long do you have on your lease?

Your $150,000 cash down has given you in 30 years –$3,365,000 (4% annual appreciation)$1,500,000 (2.34% annual “appreciation OR principal paid down on loan, however you want to look at it)$508,000 (after-tax cash flow invested annually into 8% annual yield account, whatever that is)$410,000 (increase in rents minus increase in variable operating costs invested annually into 8% annual yield account, whatever that is)Total gain - $5,783,000 or 12.9% compounded annual yield on the $150,000 investment.

To answer your specific question, property taxes and insurance ARE part of the operating expenses.Operating expenses do NOT include Principal and Interest, capital expenses, or depreciation, (although in reality you should consider an allowance for capital expenses in your cash flow analysis).From a practical standpoint, you subtract the mortgage payment (P &I) from the NOI to get your monthly cash flow.

I will input the expenses so I can know if this house is a great investment or not thanksThe agent who is getting your mortgage will tell you how much the monthly payments (principal and interest) will be.