Marty, you have a lot of home work to do.

Very important, If you think you have a deal and someone with money says no listen to them and go redo your math.  

When it comes RE investing, I wouldn't condemn someone who does their homework, knows the numbers and takes reasonable risk relative to the potential return.  

As a stupid example, you wouldn't spend thousands of dollars upgrading a 2 year old kitchen, because the 2 year old kitchen isn't crappy enough to make it worth it.But let's do math for your "not really worth it at all" $11k upgrade that gets you $100/month more.ROI = annual return / one time cost. 

Which will allow you to pay yourself as the prime contractor and pay subs and for material.How it works: (easy math example) You find a property where the ARV would be 150k fixed up.

You may very well be able to run the property management side of your business for a while, but you don’t want to be in a position where you don’t have the numbers accounted for Personally I wouldn’t “pay myself” for managing my own properties for tax reason, but definitely have the cost factored in so when you do make the move to a property management company, the math still works on the property.Hope this helps some.

Regardless if you pay yourself or someone else. not sure if you're inputting the numbers wrong or I am.180k 30yrs 4.75%  Monthly Payment$938.97Total of 360 Payments$338,027.47Total Interest Paid$158,027.47180k 10yrs 3.75%  Monthly Payment$1,801.10Total of 120 Payments$216,132.29Total Interest Paid$36,132.29showing alot more than $13,500 unless i'm understanding you wrongI did the math wrong,216,548 is the correct 10 year totalThe total spread is 121K over 30 yearsI still stand 100% by my position though.

This was my first auction and I was really excited.  The property I bid on and eventually was awarded was purchased sight unseen. Upon visiting the property, I was horrified to learn that I had purchased a piece of la...

I would not be surprised of Notice(s) of Mortgage Sale also appear in the Ontario Gazette.Matt:You are absolutely correct, a property purchased at tax sale comes with no assurances, so it is best to do your homework before bidding.

I buy a lot of Duplex/Triplex deals in my city and I love them because they are the easiest to understand the math on.