I have used other " skip tracers " before them and had medium results if I was lucky.

Here's my take:Purchase Price $105,000Closing Costs $2,100Payment: $677 (100%+closing costs, 6.5%, 30 yr)Rent: $1675Expenses: $838 (50%)NOI: $837Cash flow: $160 Expenses: $670 (40%, self managed)NOI: $1005Cash flow: $328Realistic payment: $531 (80% of purchase price, same terms)Expenses: $670 (self managed)NOI: $1005Cash flow: $474Cash invested: $23,100 (20% plus closing costs)Cash-on-cash return: 25%Adjust the math to match with the terms and cash that applies for you.Jon

The net result is a very low return on investment.If I compare it to property I own in Dayt0n Ohio where I can be all in to a 3 bedroom one bath in a working class neighborhood for under 25,000 ( and in some cases 20K) The rental income is $625 monthly and the taxes and insurance average less than $125 an month this leaves 500 a month to cover property management , vacancy , and maintenance .

Downtown, Mid-Town, High Point Terrace, Cooper Young, Highland Heights, and other inner city areas enjoying above average appreciation7.)One of the lowest cost of living of all major cities (FORTUNE magazine)8.)Surrounding cities support continued manufacturing development with Memphis as the distribution hub9.)Recent Subprime crunch has resulted in a hungry Renter PoolAnd there are many, many more reason of why real estate investors should be investin in Memphis, TN If you would like to learn more please contact me at your leizure.

To go forward or back or visit any other area of the forums I have the same results.

The problem with loans sold on into MBS is there are restrictions or confusion as to what can be restructured.Some borrowers can honestly afford to pay some of all of the debt if the terms are changed to better match what they can pay vs. what the ARM might require after a reset.People should be responsible for what they borrow.

Can also result in money back to you for payments made ahead of time.Various settlement charges.Attorney's fees.I pulled out a couple of recent HUD-1's.On a $92,500 sales priceComissions $4625Owner's title policy $681 (0.75% of purchase price)Settlement charges from title company $125Wire fee $25Water escrow $150There were also prior year taxes, those wouldn't normally be applicableOthers are similar.

Even a small mistake or miswording can result in your eviction being thrown out of court.

Hi all,

I would appreciate any advice in this situation. I had made an offer on a rental property 2 weeks ago and my offer was accepted for $220K - asking price was $225K. I could see the house needed work, but there...

Insurance companies and others who buy bonds are the people who are interested in long term income.When interest rates spiked in the 1970s a number of banks ended up closing as they could not get the income to match the expenses.