SORRY....THE BANKS HAVE MADE ME BITTER FOR THE MOMENT...Then to TOP IT OFF....YOU HAVE ACCESS TO FOREX PRINCIPALS IN THE INST BANKING INDUSTRY THAT HAVE THE CAPABILITY TO DO THE CURRENCY CONTRACTS IN EXCESS OF 5 B AND UP...YET THERE'S NO REAL USD PROVIDERS TO BE FOUND TO MAKE YOU BE BETTER THAN A LOTTERY WINNER!

Unless you qualify as a "real estate professional", you wouldn't be able to deduct your excess passive losses (losses that exceed your passive income) against your other income.I know you're hating to pay all those taxes.

Yes I should say buy low/sell high rather than loosing our money, we need to know how to invest in the good deal.

Keep in mind, though, that, in addition to the excess formaldehyde problems with some of these trailers, many were also vandalized and had components missing from them.

Buy where you get cash flow in excess of $100 per door.

You will need some cash to cover miscellaneous costs and the excess over the 70%.

I am loosing my mind.

You would need an additional $10K or so of your own cash to cover the excess of the rehab over the loan amount ($3K), the points (about $4.5K), and your holding costs (taxes, insurance, utilities, etc.

i am sure once I am on here I will remember what it is that I am not doing right.In any case I am looking for someone who has 65K to lend on a rental property that I will loose if I do not have the money to pay off a balloon payment on May 3rd.

Section 8 tenants could loose their access to their funding (at least in Tx during our ownership interval) if they caused problems, we had very little trouble.