Sellers are often not sophisticated enough to understand the time value of money though and I dislike schemes related to creative financing in these instances.

I have found the first time buyers and agents aren't as sophisticated.

There are also other, more sophisticated strategies that you can consider such as charitable trusts, but you generally lose control over the funds/assets.

Of course, Kelleher was sophisticated enough to know that's not true.

That would make a much higher (but incorrect) NOI as they would be leaving out utilities, evictions, legal costs, advertising, payroll, etc. etc. etc.Bottom line, if you calculate true and accurate NOI figures as you should, then yoour NOI will be accurate enabling you to accuratley calculate your DSCR.

Non Interest expenses. meaning, PAYROLL LOL, gotta love that.

However, with the pro-forma payroll showing $409K, I think you could save another $100K here if you had the right people.

:wink: )We don't make stuff anymore so our trade deficit is growing and taxation is the only way to gain revenue.I would love to abolish all payroll taxes and just go with sales tax.

I'm wondering if we can extend the Bush tax cuts and do the payroll tax holiday.

Therefore, if you had access to any deal that was worth investing my money, you would already have figured out a way to raise the money to do the deal for your own benefit.In other words, you are too sophisticated to be giving good deals away.