These will vary from area to area, and from transaction to transaction.If your purchase plus rehab costs are below 70%, you'll make a correspondingly higher profit.Getting a deal where your purchase and rehab costs AND all these other costs total under 65% would be a really outstanding deal.

The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt.

Plus, by waiting, the rehabs on the outstanding units will be that much closer to complete.

If so, upon what are you basing your assumption that you "believe the fundamentals for long term appreciation are outstanding"?

I don't give tax advise, see a tax attorney, but you will owe taxes on the deficiency of the amount outstanding for the short sale.

Hi everyone,I am Ken's partner and will try and answer some of the outstanding questions I see on this thread.

However, when the economy makes a comeback, Vegas will make for an outstanding investment.

Yes, in some sense, it is.IMHO, having one's home paid off is an outstanding goal.

.), or lineal descendants (children, grandchildren, etcA corporation in which you directly or indirectly own more than 50% in value of the outstanding stock of the corporationA partnership in which you directly or indirectly own more than 50% of the capital interest or profits interestsRepayment of credit.

Unfortunately, the only way to use direct figures is limit the risk an institution can have on its books to straight cash, and that would be the end of credit as there is far more credit outstanding then cash to back it up.