I do not see you accounting for InsuranceI SWAGGED it at 4k a yearif you put 250K down, it is a 1 percent a year CASH ON CASHat about 450K, I would look at it after a bigtime DD phase with an accountant and the prev. financialsWhat kind of shape are they in?

I feel like I'm blowing the biggest opportunity of my lifetime and I'm sitting here looking at my local MLS with over 1000 potential investment properties but I have no way I can immediately think of to get any of them.

:lol: Huge Israeli Gas Find Even More Massive Than Expectedby Malkah Fleisher(IsraelNN.com) A massive natural gas find off the coast of Haifa which was lauded as capable of fueling all of Israel for 15 years is actually more than 60 percent larger than originally estimated, according to the American partner in the drill, Noble Energy Inc.The implications of this discovery to Israel cannot be overstatedIsraeli companies Isramco Negev 2, Delek Drilling, Avner Oil Exploration, and Dor Gas Exploration had the majority of the stake on the dig - named Tamar-1 - which is estimated at a potential of 5 trillion cubic feet of natural gas.

i know people try to stay around 40-50 percent, do they go up to 60 percent?

the main thing is i dont have cash to play around with. soo, what i wanted to do is put the house under contract and immediately wholesale it. i figure, asking around 63,500 (50 percent value) from a investor, and pocketing 20,000 after the 30,000 payoff and 10,000 repairs, and let the investor worry about the improvements. i could also just rent it out and try to do something later, but then i would have to pay the large tax amount.

Our complex's units are all valued the same, with the value representing a 46% percent increase over 2005.

The reality is you won't live in it forever and your proforma is supposed to reflect the performance of the property across it's lifetime.

so when looking at financing costs you want to use a factor of 7 percent interest?

The house was built in the fifties, but maintenance has not been an issue, aside from tenants flushing diapers down the toilet :roll: I have it for sell for 45, but we will take what we paid for it at 38.

They got 3 percent for Riverside here in Cape Coral The FDIC is loading up for a little fun http://news.morningstar.com/newsnet/ViewNews.aspx?