My teenage ego was wounded :).

However R/E transactions in the Philippines was always done personally because upon purchase they are subject to consumption tax of 12% if purchased by a corporation (which is stupid).Not sure how valuable this information is to you because I've since wound down the HK company.

And then, I eventually wound up here.

I also thought about considering inclusion of either a new fridge or washer/dryer to add as one time operating costs (1,000 under repairs and maintenance)I wound up getting a taxable income of 950 bucks after things like debt service and depreciation.

I wound up turning her down because I didn't want the hassle.

Of course, for you, the attraction of giving up profit is not having to make the monthly payment, but HML like the added time pressure created by the rehabber having to feed the interest monster.I've met a few people here locally that have broached partnering with me, where they'd provide all of the capital, but I have always wound up doing some work myself on projects to save $, but it's a different equation when saving $2,000 on demo is really only putting $1000 in my pocket.

It’s a bit of an interesting story has to how I wound up here, but where I am now is this:I just took possession of a property via deed in lieu of foreclosure, but it has a squatter in it.

PM ripping them off So now he has to fly out there once a month to collect the rent  LOL.. evictions start happening it starts spiraling down I told him dump it before its in the same shape you bought it. he did that the best offer a local would give him was 600k he took it and licked his wounds.

I've bought several assets that were HUD houses listed on auction.com for much less after they left auction.com and wound up on hudhomestore.com.The folks at auction.com will share with me (your mileage may vary) the ballpark that I need to be in on a given asset to buy it.  

We had a hoise that we bought beforehand and wound up renting it out when we moved.