So I had all three parties at the office at the same time and pulled out an extensive disclosure that explained everything.

After years of flight to the suburbs, it is reversing.By the way, my first will have positive cashflow after I pull 90% of my equity out.

Daggone it, I went an pulled the trigger.

Market tanked after the US pulled out.

Just switch.If you want to find out what the place sold for pull the records in a few months.

You might be able to count on the other 10 to pressure the 11th to pull their finger out.If the 11th person just wants some time to pass after Thanksgiving or some other emotional/seasonal date agree to do so for a fee.

I pulled out the calculator and added it up.$24,000 for Realtor fee's$14,000 + for Closing Costs$15,000 minimum for upgrades$11,000 minimum for Holding Costs$5,000 for taxes and $1,000 per month thereafter$69,000 in costs[b]$100,000 equity -$69,000 costs$31,000 estimated profit at BEST CASE scenario[/b]I looked up at her and said, "You don't have $100,000 in equity.

I'm now trying to find tenants to rent the first home and pull money out to work on the other two properties.

But then again,at such a low $ amount, the closing costs might throw off the ratios.I have to run the numbers and see the diffences (cash on cash return, particularly) ...However, the BIGGEST problem i see with NOT getting a mortgage, is the repayment terms.8% at 5 or 7 years is going to KILL my initial roi.I will be paying out like 5-700 a month, and these places are likely to be pulling in only 560-800K a month.:( :( :(AAAAAAAAAAARRRGGGHHHHHhhhhhh!

Either the Attorney didn't know the law or was trying to snowball me but it was like pulling teeth to get our money.