I've never received a post card and think that is the ticket - forced to look at the content, not hope the open it.Try something pointed, like : foreclosure?

I submitted a support ticket a couple weeks ago and the only response I got was asking me..."

In Albany I know investors get income year round as leases typically start in June, even if the students leave for the summer.

Let's leave out the 20% from me and just assume it's all using LOC.Assume a $100K ARV property with a sales price of $60K (just for round numbers) and a rehab of 15K - but the property is cash-only (no financing allowed).Scenario:Obtain a line of credit of $100K.

The property Property $200,000 Down Payment 20% - $40,000 4 unit complex – rent per unit $800/month ($3200/mo total) 2% Rule – at 2% this property would rent for $4,000/mo This property is at 1.6% 50% rule – 50% of rental income will go toward expenses This property would be $1600/month This expenses include – repairs, vacancies, utilities, taxes, insurance, managements, turnover costs, and occasional big ticket repairs Net Operating Income – NOI Income after fees, these would be the fees listed in the 50% rule and do not include principle and interest For this property - $1600 (not the true number, but based on 50% rule) Cash flow Any money left after subtracting principle and interest from NOI Prinicple and Interest – 30 yr fixed at 4% on $160,000 - $764/mo Cash flow = $3200 - $1600 (NOI) - $764 (P&I) = $836/mo or $10,032/yr Cap Rate Annual NOI/purchase price $19,200/200,000 = 9.6% Return on investment of $40,000 over 30 year life of mortgage Cash flow - $10,032 annual return – 25.1% return 30 years = $300,960 This is a conservative estimate since this money could obviously be re-invested as it was received monthly and the rent would be increased to reflect inflation over the 30 year period Property value at 3% appreciation for 30 years $485,452 30 year total return on $40,000 485,452+300,960 = $786,412 This is a ~10.5% annual return on investment $40,000 invested in stocks/mutual funds at 7% would have returned $304,49I believe this is all correct, but wanted to get some feedback to confirm my understandings of these concepts was correct.  

I'd like to suggest you come to the Orange County Meetup of BP members, it's at the Round Table Pizza in Lake Forest (corner of Lambert and Lake Forest Drive) on the 3rd Wednesday of the month, 7:00 p.m.

Sounds to me like your in a good spot to start and have no reason to quit your job until the next train is ready to leave and you have a ticket and a pocket full of money and the knowledge you will need to continue the trip. 

Hey everyone,So I just sent my first round of 1000 post cards out and they should be hitting mailboxes today.

Running a stop sign is a $300 ticket.

I have no idea, but I would bet you can get away with bandit signs out there in Methuen and Lawrence, MA.