A good deal can be found in what we call the Toy Towns in Memphis like Bartlett & Cordova and so on...

Hi Mike,I understand what you are saying but the 50% rule is based on holding property for the LONG haul, not just the here anad now.

You can lose a lot very quickly.I would guess that any fund that is committed for the long haul is smart enough to monitor and adjust their strategy as they go.

Our plan for the the first year was to purchase two cashflowing properties, then use the cashflow from those and anything else we can scrape together (income we don't spend and toys and equipment we can sell) to make purchase #3 in year 2.

Bobby the real estate market cycles locally in every market.There are average times that this takes place.For example so long for the market to be stable,so long for the market to increase,and so long for the market to decrease until it hits rock bottom.The pluses right now are lots of motivated sellers in many markets.They held out for a few years thinking things will get better.Now they have accepted it will be a long haul and are ready to sell.Holding out for 2 or 3 years is one thing but 7 to 10 years is too long for many for a property to recover.The plus side is interest rates are low and pricing is great.The downside is liquid capital needed for a regular loan is steep as loan underwriting is tight.If you wait lending might relax with less down but interest rates might rise along with sellers expectations of selling price so you would be at a wash or worse then when purchasing now.The name of the game is too hold onto cash and leverage into a good deal.In the down cycle you buy up as much as possible.

I wish I would have bought more for the long haul.

His kids stuff toys in the toilet and it overflowed and cascaded down through two units, at 8 p.m on a Friday.   

I got another job opportunity in Omaha and we moved back.Before we moved, we toyed with the idea of keeping our Phoenix house as a rental, but ultimately decided to sell it, netting a little over $70,000.We have used some of that money to pay off student loans, and other debt.

Brian Pulaski I mentioned about low-boys because the self-haul system is prohibited, the city dump franchise holder can complain and you can get a $2,000 ticket for self-hauling.

She didnt care at all.I happen to know the owner of the aprtments that she is moving into, so I gave him a call and let him know I was filing eviction for non payment of rent.She also owes me 270 bucks for plumbing repairs, after her son flushed a toy down the toilet that required me to replace it, after trying to auger out the lines for a couple of hours.