Get the government OUT of my life and back to what they are SUPPOSED to do, protect our borders, arrest and incarcerate law breakers, provide for interstate commerce, etc...

Ideally, I'd like a little country feel, but not too far away from interstate access ... 

Raw land 'could be potentially good', also, if in an area that is growing fast, has easy access to the interstate- to buy and hold and sell to farmers maybe (maybe at first, while the area is 'growing up around it) or eventually to builders- but you'd have a lot of due diligence to do before buying, then you have to determine the highest and best use for the property in the end- before buying, paying for and performing perc tests every 12 feet or so, determining if the area can be serviced by city water and sewer or if the tracts would have to have well and septic permits pulled for each lot, etc.- you may lose some acreage if you find unsuitable soil or creeks or wetlands, so land can be a risky investment.

@Ryan Dossey hey Ryan thanks for the advice but yeah there are other 6 plex around it and this particular property needs about $100k in repairs the that’s why I was trying to see if I was getting a good deal the location/area is what would be considered a C area not horrible and not great it has positive potential since it’s near the Las Vegas Strip, lots of stores and some parks land also next to a major interstate.

Hi @Justin Smith, I'm up the Interstate in Chilton County, but if I can help, let me know.

Arrived Sunday- Stuck on interstate for almost 2 hours.

Tenants like to rent in those cities because it provides easy access to the interstate for work.Unfortunately, with your loan payment+association fees+cost to get the property rental ready+possible property management fees+tenant screening time factor+possible mortgage arrearage fees, and the property is already 15 underwater.....this is a slim deal.

The hospital has always been pinned in by the interstate to the west.

Going down the interstate.

Foordmore Rd house: Triplex only one unit is completed 2 others need finish workPurchase Price$60,000.00 Down Payment (25% Down)$15,000.00 Improvement Ratio (Value of Land subtracted from purchase price)82%1st Loan$75,000.00 1st Interest Rate on Loan6.00%1st Term of Loan20 2nd Loan Amount2nd Interest Rate on Loan5.25%2nd Term of LoanYrs of Depriciation27.5Expected monthly Rental Income$3,200.00 Expected Annual Rental Income$38,400.00 Vacancy/Collection losses %10%Property Tax$2,842.00 Insurance$2,400.00 Repairs/Maintenance (10% of Gross)$3,840.00 Electricity$1,200.00 Gas$-Oil$-Water/Sewer$-Trash$-Advertising$-Management Fees (10% of Gross Income)$-G&A$200.00 Annual Increase in income1.0%Annual increase in Expenses3.0%Annual Increase in property Value2.0%investors Tax Bracket28.0%Self Employment tax0.0%Total Tax Rate28.0%Immediate Cash Improvements$37,775.00 Total Cash Investments (Down payment + Rehab+Closing Costs)$55,875.00 Total Purchase Price (rehab+purchase price+closing costs)$100,875.00 Loan - initial Cash investment$19,125.00 Buying Cost %$3,100.00 Sales Cost %9.0%Estimated Value After Capital improvement$100,000.00 Summary:1st LoanLoan Amount$75,000.00 Interst Rate6.00%Term of Loans20 Monthly Principal and interest$537.33 Yearly Principal and interest$6,447.91 Annual Operating IncomeYr 1Gross Operating Income$38,400.00 Less Vacancy/Collection (10%)$3,840.00 Effective gross income$34,560.00 Annual Operating ExpensesProperty Tax$2,842.00 Insurance$2,400.00 Repairs/Maintenance$3,840.00 Electricity$1,200.00 Gas$-Oil$-Water$-Trash$-Advertising$-Mangement Fee$-G&A$200.00 Net Operating Income$24,078.00 Market Value of Property$100,000.00 Capital Rate of Return (NOI/Market Valve)24.1%Cash FlowNet Operating Income$24,078.00 Yearly Principal and Interest$6,447.91 Cash flow before tax's$17,630.09 Monthly Cash Flow before taxes$1,469.17 TaxesNet Operating Income$24,078.00 Annual interest$4,500.00 Annual Depreciation Improvement$1,789.09 Taxable Income$17,788.91 Income Tax Due$4,980.89 Cash Flow after Taxes$12,649.20 Monthly Cash Flow After Taxes$1,054.10 Cash on Cash23%Center St House: duplex fully rented needs new roof and some minor plumbing workPurchase Price$40,000.00 Down Payment (25% Down)$10,000.00 Improvement Ratio (Value of Land subtracted from purchase price)82%1st Loan$45,000.00 1st Interest Rate on Loan6.00%1st Term of Loan20 2nd Loan Amount2nd Interest Rate on Loan0.00%2nd Term of Loan0 Yrs. of Depreciation27.5Expected monthly Rental Income$2,125.00 Expected Annual Rental Income$25,500.00 Vacancy/Collection losses %10%Property Tax$2,500.00 Insurance$1,800.00 Repairs/Maintenance (10% of Gross)$2,550.00 Electricity$1,920.00 Gas$-Oil$1,867.57 Water/Sewer$3,000.00 Trash$-Advertising$-Management Fees (10% of Gross Income)$-G&A$300.00 Annual Increase in income2.0%Annual increase in Expenses3.0%Annual Increase in property Value0.0%investors Tax Bracket28.0%Self Employment tax0.0%Total Tax Rate28.0%Immediate Cash Improvements$16,060.00 Total Cash Investments (25% ARV + closing costs)$17,500.00 Total Purchase Price (Rehab+purchase price+closing costs)$58,560.00 Buying Cost %$2,500.00 Sales Cost %9.0%Estimated Value After Capital improvement$60,000.00 Summary:LOAN PMTLoan Amount$45,000.00 Interest Rate6.00%Term of Loans20 Monthly Principal and interest$322.40 Yearly Principal and interest$3,868.75 Annual Operating IncomeYr. 1Gross Operating Income$25,500.00 Less Vacancy/Collection (10%)$2,550.00 Effective gross income$22,950.00 Annual Operating ExpensesProperty Tax$2,500.00 Insurance$1,800.00 Repairs/Maintenance$2,550.00 Electricity$1,920.00 Gas$-Oil$1,867.57 Water$3,000.00 Trash$-Advertising$-Management Fee$-G&A$300.00 Net Operating Income$9,012.43 Market Value of Property$60,000.00 Capital Rate of Return (NOI/Market Valve)15.0%Cash FlowNet Operating Income$9,012.43 Yearly Principal and Interest$3,868.75 Cash flow before tax's$5,143.68 Monthly Cash Flow before taxes$428.64 TaxesNet Operating Income$9,012.43 Annual interest$2,700.00 Annual Depreciation Improvement$1,192.73 Taxable Income$5,119.70 Income Tax Due$1,433.52 Cash Flow after Taxes$3,710.16 Monthly Cash Flow After Taxes$309.18 Cash on Cash21%Church St house: Unoccupied, needs total rehab but has 3 units:Purchase Price$10,000.00 Down Payment (25% Down)$2,500.00 Improvement Ratio (Value of Land subtracted from purchase price)82%1st Loan$45,000.00 1st Interest Rate on Loan6.00%1st Term of Loan20 2nd Loan Amount2nd Interest Rate on Loan0.00%2nd Term of Loan0 Yrs. of Depreciation27.5Expected monthly Rental Income$2,600.00 Expected Annual Rental Income$31,200.00 Vacancy/Collection losses %10%Property Tax$2,800.00 Insurance$1,200.00 Repairs/Maintenance (10% of Gross)$3,120.00 Electricity$2,880.00 Gas$-Oil$2,800.00 Water/Sewer$4,500.00 Trash$-Advertising$-Management Fees (10% of Gross Income)$-G&A$300.00 Annual Increase in income2.0%Annual increase in Expenses3.0%Annual Increase in property Value0.0%investors Tax Bracket28.0%Self Employment tax0.0%Total Tax Rate28.0%Immediate Cash Improvements$41,200.00 Total Cash Investments (25% of ARV+closing costs)$16,600.00 Total Cost Purchase Price + Rehab + Closing Costs$52,800.00 Buying Cost %$1,600.00 Sales Cost %9.0%Estimated Value After Capital improvement$60,000.00 Summary:LOAN PMTLoan Amount$45,000.00 Interest Rate6.00%Term of Loans20 Monthly Principal and interest$322.40 Yearly Principal and interest$3,868.75 Annual Operating IncomeYr. 1Gross Operating Income$31,200.00 Less Vacancy/Collection (10%)$3,120.00 Effective gross income$28,080.00 Annual Operating ExpensesProperty Tax$2,800.00 Insurance$1,200.00 Repairs/Maintenance$3,120.00 Electricity$2,880.00 Gas$-Oil$2,800.00 Water$4,500.00 Trash$-Advertising$-Management Fee$-G&A$300.00 Net Operating Income$10,480.00 Market Value of Property$60,000.00 Capital Rate of Return (NOI/Market Valve)17.5%Cash FlowNet Operating Income$10,480.00 Yearly Principal and Interest$3,868.75 Cash flow before tax's$6,611.25 Monthly Cash Flow before taxes$550.94 TaxesNet Operating Income$10,480.00 Annual interest$2,700.00 Annual Depreciation Improvement$298.18 Taxable Income$7,481.82 Income Tax Due$2,094.91 Cash Flow after Taxes$4,516.34 Monthly Cash Flow After Taxes$376.36 Cash on Cash40%