Crunching some data conservatively to provide an idea of possible ROI on the property.

Even though these cost may be deferred for years to come.Cap Rate= 7333(noi)/65000 (purchase price+Est Repairs)= 11.3%This is my first time sitting down and really crunching numbers and so im sure ive made mistakes.

I went through and got a contractor's estimate then took it home and crunched the numbers farther (his were way high).

I have crunched all my numbers and I can certainly afford this and I'm debating between waiting 4 months until I have enough to cover down payment and reserves OR looking into a loan for down payment because I don't want to let one of these properties slip by.

HML's know what hey are doing and the numbers will be crunched.

This would cost more but if you crunch the numbers on what your end profit would be after closing costs, you might end up with a bigger end profit.Hope this helps a little!

Ironically I was reading "The Millionaire Mind" yesterday and one of the traits of the millionaires interviewed at that time was they bought their personal residences as foreclosed property in the post RE crunch of 1987 when a lot of homes were being foreclosed on.

If peoples salaries were where they are supposed to be then we wouldn't have the "credit crunch" today because people would be able to buy gas and food with cash instead of having to use their credit cards and home equity to do it.Anyways that's my theory as to why we're in the credit crunch today.

., credit crunch) you will be very hard pressed to find a banker that will allow this unless you have a convincing record of substantial assets.......just my experience and the experience of others I've talked with as well.....

Interesting Jon, Thanks for crunching the numbers and making some sense of it.