And you'll be cooking with gasoline!!

No wonder American cities remain far less livable than our European counterparts...Regarding the economics, a 9 year ROI is tremendous in a market with a 3% cap rate.

They were basically pouring gasoline on a bonfire with their current strategy.

Gasoline is on its way back up as well.

As gasoline prices reached $4 per gallon that fall followed by the ensuing recession, the vacation market crumbled.

The industry encountered the rise of OPEC and the resulting sharp increase in gasoline prices.

Since it was a closed business I was only able to get  $6000 triple net lease. this lessee is a gasoline supplier and once he gets approval to install gas at location, will exercise his option to buy at appraised value.

All I am saying is, let's compare our low down payment, bad credit loans with a possible European counterpart.

Turns out the US sales guys made about three time the business volume than their European counter parts.

To reduce all this down to a meaningful and comparable discussion we need to look at cumulative effective tax rates.Using the data from smart asset it looks like the border counties in NC have an effective tax rate of:Gaston - 1.05%Mecklenburg - 1.13%Union - .82%Compared to SC (PR/OO rates)York - .632Lancaster - .508Chester .662Now these rates are for the lower 4% Primary residence rate which has to be adjusted up 50% to account for the 4%-6% difference mentioned above so the effective tax rate for investors is:York - .948Lancaster - .762Chester .695All still lower than heir closest NC counterpart.