So double check with your bank in regards to the line.

Recommend you double check your expense data and projected mortgage info to make sure analysis is correct.FYI ...

For this reason I have an LLP in Ohio for properties held there, and a few in Arizona for properties held there. 2/3) I transferred a property from an LLC to an LLP when I learned that holding a property in an LLC may be problematic for residents of Canada (double taxation risk).  

But remember, with DOUBLE the bought number of properties, it shortens the time back again.In 20 years, all else being equal, would you prefer to own, free and clear, 20 rentals, or 40?

It's the 2008 Crash that kept me from making double the money with the long term Buy and Hold, but, I had a cushion when I bought the properties at a discount.

Hi everyone,If I get an offer accepted that is listed with a realtor, do I have to then do a double close? 

Rents have doubled and the cash on cash return exceeds 50% per year.

It was probably my favorite city on a recent Euro-trip, even doubled back.

On the other hand maybe your hedge funds buying Junkers is a blessing as it will only be a few years when they are calling you to help them sell so it's like double commissions for you. 

What I keep finding out is that my target price is always at least 20% below seller's asking price.Here are my rules/metrics:total economic loss after property is stable is 12% (15% in lower quality areas)incremental rent growth after the property is stable is 2%expenses grow by 2%/yearproperty tax is 90% of the purchase price multiplied by a local tax rate (usually doubles tax from whatever seller pays)payroll $1000-1200/unit regardless of the property size (brokers claim that 30-units don't need payroll but I don't believe them :-) )reserves of $300/unit counted in expensesexit cap rate is 100 basis points higher than current cap rate (e.g. exit at 8% if current cap rate is 7%)cash-on-cash ROI 10%+ starting in the second year; first year may be lower if this is a value-add5 years total ROI (assuming sale) is at least 100%IRR 15%+ over 5 years (al ROIs are net to investors after 20% sponsor override)I can adjust may metrics to some degree but in order for me to get to the seller's acceptable price I have to adjust most or all of them to unsustainable levels.So, what should I do other than keep underwriting and waiting until the market turns down and all of a sudden my numbers would make sense for a seller?