If you recall, I sent the BLS stats a few days ago, here's a chartset showing the effect of unemployment as displayed in total "survivors".

Wonder when the pin heads in news media will show these stats to the public and let them know that the economy shows a glimmer of recovery .

So that is what I mean by the TV will be the SEV – that is the same in most places around the country but since tax levels are way less – like this very same property in OH or MS or AL may be $1,200 taxes for the year – so if your off your only off by a few hundy a year – in places like Detroit if you don’t understand how the tax system works you could be off a few hundy a month – not a year.The reason your other property has the same TV and SEV is because the year you bought it they were brought to equal – if you look back in the tax records you will find the year prior to you buying it they were different (unless someone else bought it that year) etc…..From a straight numbers game since this is cash on cash you need to figure out what return you want / need but I think $30K for a duplex is way overpaying in today’s market – not just in Detroit / Michigan but in a lot of markets – I wouldn’t pay that in most of the markets I work in.Not sure if your property is really in the city or in the burbs or whatnot but there are better deals to be had in the city for sure – just my opinion and this really depends on the type of hood you buy in.But – I would examine three things….when you started this thread:-You were going to pay $25k – now your going to pay $30k-The rent was $1,600 now the rent is $1,300-Your taxes were $2,000 now they are $4,300How sure are you right now about your other numbers and assumptions?

Then, I examined each satisfaction of mortgage more closely and discovered that one satisfaction had been recorded twice, and that there really were two loans, and the one being foreclosed was the second.

All Inspections are to be completed within 5 calendar days of acceptance of offer, including review and approval of the documentation concerning the property, and Completion of satisfactory physical and environmental inspections of the Property, and Completion of satisfactory due diligence search and examinations, and Satisfactory review of the title of the Property, and Satisfactory mortgage financing being arranged for the purchase of the Property, all within 5 calendar days of acceptance of offer.7.

I have seen drug deals, one day after work, the street was blocked off for a homicide investigation, and all the stats say this is a high crime area.

Here that is a great property that is sub $200k, that needs little to no work to move into.I'm looking at picking up 3 houses in the same neighborhood right now, very similar stats, almost identical ARV comps.

I invest in Pittsburgh... and these stats are congruent with the fact that I'm getting some screaming deals in the Steel City.

hi i was wondering if any of you with low income rentals,, have kept track of eviction stats , i have a couple single family houses right now and i am comfortable in that area but a great deal on a triplex has come up and the only thing i am worried about is how often one can expect to have to evict someone. this fits the 50 % rule at $130 per door!

I have not done business in all states, nor have I examined banks in all states, but I think I'm safe in saying all states allow future advance notes.