I understand 35k would be 350 per month and i alloted another 300 for insurance, taxes, and mgmt cost with a rent of 1150 which i thought would net 500 per month.

We need to take our current gross annual budget and reduce it by 10%-20% or so - start with a blank slate - and reorganize and priortize where to spend that newly allotted budget amount.I think Rich is right and we are amidst a bit of a perfect storm, but I wouldn't call it perfect storm number 2. rather I would liken it to having travelled 2+ years through the storm, we've now reached the eye of the storm, and likely won't make it out the other side on stable ground for another 2+ years.Truth be told, we can remain dominant on the world stage but will no longer be the lone "superpower" we once were.

I realize now I forgot to put in the income of $1900 for coin op laundry and I also have allotted for vacancy .

They give substantial weight when applying for the bridge financing to complete the deal.LIHTC's aren't the only tax credit's available- Although not advertised or announced to the public, most every municipality has an allotment of tax credits to distribute for many different reasons.

They explained to us that it is almost impossible to arrange a direct property to property exchange, that we would have to sell and buy within the allotted time period only.Also they said it is practically impossible to arrange a contingency sale.

J Scott,I think it is a strange time to be expressing Free speech and the right to use that..People exercising that right were labeled some really nasty things on news shows by news people..That speech about Tea protesters ..Now we have town halls where citizens are expressing their justifiably so, deep concerns of a Government takeover of all of our lives, literally, with this massive reform.Obviously people are scared, so many have lost jobs homes and for allot of the self-employed dried up lines of credit even advertisers have felt the cut back..So free speech is only free if you get to use it..And what price is attached when people that are telling their names and where they are from at these mob and nazi townhall Q & A are receiving calls in the late evening hours threatening them.And least we forget Joe the Plumber only asked a question and he was nearly crucified by the media.I do not get your how far we have come unless it is about carrying..

If the buyer uses another broker/attorney, I let them know that if they can't get the job done in the time allotted in the contract, I'm not going to be very flexible about extensions.

I've had a number of FHA buyers who couldn't close in the allotted time and ended up getting their credit pulled a second time.After one of our buyers saw a score drop in that time period and could no longer qualify, we started telling all our borrowers, "Hey, they'll likely pull your credit before the close, so don't miss any payments."

Which means the church ladies get a chance to come in and outfit/decorate a room, and each man will have accountability partners and mentors.Between the area food banks and the food stamps that are alloted, what would be the largest expense boils down to about $26 per every $1000 of food purchased.

to which i responded: 'there is absolutely no allotment for maintenance, vacancy, etc. the numbers are way too tight'HIM: 'you are being way to conservative. you have to have money in the there to cover this out of your pocket. this is your business. it takes money to make money. you aren't going to find a better deal than this. whoever told you that you can find this properties is an idiot'.hahahahahahahahahaha, and this guy is supposedly an 'investor' that has 'picked up 9 properties this year'.