IRR measures returns of LIKE investments, carrying similar financial and market risks, of similar liquidity an other risks.

All leases will expire in 2016...As far as market comps for this property goes, the only property in the area like this one is next door and is selling each unit as condos.

A family friend that has his on REI business (175+ properties) wants to start liquidating his properties and is giving me first dibs.

I have listened to several of the books recommended on the pod casts - 10x, E-Myth, 4 Hour Work Week, Trump Style Negotiation, The One Thing.

Once I receive confirmation that they've run the application and see that their credit/criminal/eviction is good, I send them an e-mailed in-house application that lists all the stuff that SmartMove doesn't care about, and I then check that out.In other words, if you do it electronically, there's no way for them to avoid paying the fee.

Most of these folks are working full time as an REI and may not have a ton of liquid assets but do own some free and clear properties that are rented out and positive cash flowing.

From Nancy E.

He if the borrower has at least 50k liquid in bank account, ira, 401k or any type of investment account I can get him preapproved for a line of credit for five times the amount he has.

If after installation the home was sold to the next owner, labor warranty immediately expires and parts warranty gets reduced down to 5 years.If the unit was never registered, I think you get no labor warranty and parts warranty defaults to 5 years ...?

I don't know because I've never done it, but it seems when everything is going the H-E double hockey sticks in a hand basket is the best time to get in and get in for cheap.