This deal involves a Famous Las Vegas Strip Club and a Gun range on 163 acres among many other things.

I have no clue how much he lost on the home, but he certainly learned a lot, for instance he has no patience dealing with people.He has since vowed not to return to real estate.

The most famous question...

In this instance, the lender may use the contract sales price on a purchase transaction, or the existing debt on a refinance transaction, as the as-is value, when this does not exceed a reasonable estimate of value.

There have been instances where people have felt that they were ripped off or felt that they were subject of fraud and decided to sue the person that did the short sale.

My two instances of not being firm enough have effected my cashflow a bit (I should have stuck to my raising the rent that month for the 85 year old lady instead of postponing it for 3 months), but not enough to make me grimace.

This question prompted from this comment made on another thread:Originally posted by "dafly":My two instances of not being firm enough have effected my cashflow a bit (I should have stuck to my raising the rent that month for the 85 year old lady instead of postponing it for 3 months), but not enough to make me grimace.

For instance, if you owned the property for 30% of the month, you should get 30% of the rent unless otherwise agreed upon.

ThanksWell it all depends on what you have in mind for instance if you wanted to buy a pre-foreclosure than I would say the post card.

This is a very vague question and can not be answered properly without knowing what area, what type of investment, what kind of risk factors, etc.For instance, a great cap rate for apartments in CA would be 6%, but would be terrible in Texas, Ohio, Illiniois, etc.