What is behind the shakes?

As great as it can feel having a massive cash-flow from a property with little to no financing carried on it remember, net cash-flow is taxed, ie diminished, by that dreaded Uncle and his regular shake-down.

As such, HW met their client's expectation.Smile, shake hands, move on to the next great RE investment.BTW if I made an offer at ~5% under ask that was rejected, I also would like to know what was not acceptable in my offer (price, contingencies, financing). 

Roof replacement anywhere from $12000- $50000 depending on roof type, size, materials and when you scheduleA concrete or quality tile roof can last 40 years, just needs gutters cleaned, leaves removed, adjustments of like $500 a yearA shake one maybe 20-30 Composition 20 -25 

Stay away from HOA's (new legislation coming through is about to really shake things up). 

So any investment has to stand on it's own for the yield it creates.For instance I looked at owning a Steak N Shake restaurant.

We have an acquisition opportunity on an inherited home with a reverse mortgage, which is something we haven't dealt with before.On a flip the numbers shake out as follows:ARV - $300KRepairs - $40KReverse Mortgage (according to seller's friend) ~$185KThe house is in N.

You can see how their work truck looks, you meet them personally, shake their hands and exchange cards.

I can't do anything but shake my head at a statement like that.I hope everyone who believes things like that is actually committed to it and you don't have any written leases with your tenants.

@Joseph Bramante that still seems a bit pricey for an interest rate cap on a loan at what I am guessing will shake out around $8.25M ($11M x 75%).