Maybe we can blame it on his extensive DRUG ABUSE.

For instance, you and Jon (thank you both) have shared links to two companies that regularly produce information-packed reports, and these reports provide some level of analysis for the company's purposes.

Should I file extension for 30 days as a buyer?

You may have to start looking at properties in suburbs (Aurora for instance) to find some good cash flowing properties.If you need more info, please feel free to email me.

Believe it or not I have seen this type of situation develop into a good relationship with the owner where he moves you to another house that needs work and suddenly you become "his guy" for better or worse.Anyhow it does happen.Just for the record, I do not endorse this, but I have seen it work out in more than one instance.

Wouter - I'd recommend doing extensive research first and deciding on where you'd want to invest as a start - considering you are going to want to stay in the same country for at least a few years before cashing out and/or expanding further, give this some thought.

If it's just a lease the terms can make it good or bad.If you have a new business all you have is the equipment which liquidates at 10 to 15 cents on the dollar.You have not created a salable commodity yet because buyers want at least a year or longer of stability to buy a business based on cash flow.Usually you get 3 times net earnings.So a business making 33,000 after expenses would trade at 100,000 etc.SBA loans are almost impossible right now so most business transactions happen with all cash down or the current owner carrying 10 to 50% of the paper.The owner generally will not sell getting only 10 to 20% down.The reason is they might be living off that income stream and have to live off the money or might have to get a certain amount to franchise and grow their concept or reinvest in other opportunities plus the commission comes out of the down payment for the business listing broker and the fee runs from usually 8 to 10 percent.In some instances if the list price is low commission could be 12%.Being a chef and OWNING a restaurant are way far apart from each other.I used to own a restaurant and have real world experience.The value of a restaurant is based on the lease terms,how new it is,available parking,saturation of similar concepts in the immediate area.

They have a lot of info, some good, some BS.For instance we are closing the 25th on a property (short sale) where the rents showed $750 on the lease.

so i have a section 8 tenant in one of my rentals. she is a good tenant. about a month after she moved in we had the plumbers come out and roto rooter the main line leaving the house. i didnt mind. the cause for this instance could have been anyones, not to mention it hadnt been cleaned out in a few years. no biggie. 5 months later i needed to call out the plumber again. this time the main cause of the plug was someone was flushing down those sanitary wipes, which are not biodegradable. this is purely the tenants fault obviously. bill totalled $300+. she has no way of paying this as she stated. housing authority has her locked in for 2 years from begining of the rental contract. i dont necessarily wanna give her the boot, but this is a business. my real question is: she wants me to take it out of her deposit, then she claims she will replenish the deposit once tax time comes around, around feb- march 2013. is this legal for me to do?

For instance, you put "really need help'.