The next one was 245 Ideal St they where selling for $47,900.00, listed on the MLS for $26,900.00 , $21,000.00 markup another sweet deal for them ended up selling for $23,000.00 and was vacant not making the $925.00 a month as stated.Next 188 Hutchinson Ave. they have listed at $44,900.00 with income of $950.00 a month.

Worst case is you have to cancel your contract but if the deal is sweet enough someone will pick up on it.

This is where you can go in and do units while having some cash to service the HML loan and then put maybe 3k to 5k a unit instead of 15k for a total gut.We call these the "sweet spot".

Oh, and the whole thing is 100% financed- I pulled $350k from an existing investment for the down payment, tenant buy outs and renovations, and a sweet 30 yr fixed loan for the purchase.

If you are hitting their sweet spot, they may do it for less cash.

Yeah I just can't bring myself to buy a new car.The car insurance,car payment,depreciation just makes new car one of the worst investments ever.Some of my friends say "But I have to have a brand new car so I have reliable transportation to get to work".It's a cop out and there are plenty of cars not brand new that will work.People want to justify making bad decisions.I am a car guy myself and my first business was a car audio shop so I can fix most of the stuff myself.My brother also owns a used car dealership and can get me awesome cars at the private auction for cheap.What I care about is the mechanicals.The paint and interior is cheap to redo.I look in the paper sometimes at new cars and can't believe the prices they are asking.If you bought a new car it's like someone beating you up and taking thousands of dollars once you drive off the lot.If you want a newer car you look for the sweet spot of under 50k miles that is 2 to 4 years old.Those vehicles have depreciated hard but still have a lot of miles on them to go and you can still get good financing.Those vehicles go fast so you have to be ready to act.I have always wanted a Ferrari but I think it would be cheaper sometime just to rent one for a few days and get it out of my system for awhile.

And your time - to do showings and lease up the house again.It adds up quick, believe me.I personally like the model where you are in the sweet spot of the rental prices.

I don't think there would be much if any perceived value of just hook ups when so many are going on sweet.

Until then, those are sweet bonuses and we don't count on them. 

Which decade do you feel is in the sweet spot?