Rich people buy assets not liabilities.Three things to consider:1) With negative cash flow, what happens when you get in a cash crunch and cannot make a payment on the property?

Deflation - Yup, we are going through a huge deflationary crunch right now.

These aren't always obvious, and certainly aren't always the same as the neighborhood divisions or major streets.If you can't just drive to the area, get on a plane and rent a car.Note that I do believe in the "super crunching" sites like cyberhome and zillow do to try to get their estimates.

Now the credit crunch is coming to Dubai.

This is too funny...I just found myself crunching the numbers on a unit in my neighborhood that is almost identical to the one he mentioned.

Processed a price opinion in the morning, went to church, watched the Arizona Cardinals go to the surperbowl (unbelievable), spent time with the family, and then finally crunched the research together for your property.

With the current credit crunch money is scarce, even hard money, and it can be expensive.

Great deal number crunching here, no surprise Mike and Jon are behind them!

The properties i was looking at didn't work out - - thanks mostly to this forum and the help they gave me on number-crunching - - you all saved me from making a bad purchase.I'm still looking though....

then you lose 15k right off the bat.also some investors won't want to work with a property that needs 25k worth of repairs, but you may find one.be patient looking for deals, don't jump into one that seems good without doing your due diligence. i'd try to get a contractor or appraiser in there to look at it, or use a paid service to get some real comps and crunch the numbers