@Joe Wortham SBA loans are used to acquire real estate for small business (less than $5MM annual revenue) that intend on having a portion of their day to day operations/function as a part of that real estate.

Here is how I see the deal.Asking Price- 600,000# of units- 13 Gross Operating Income- 71,820less Taxes- 3087 Insurance- 2310Repairs- 6875 (added 25% to estimated price, )Utilities(common area)- 400Misc(pest, snow,landscaping)-2300Net Operating Income 56,848lessMortgage Payments 46,800Cash Flow 10,048Now I will not be offering $600,000 but really wanted to check with some of you experts to make sure I'm not forgetting anything.

Right now you're simply operating on guesswork.she requested to have her security deposit pay off during the first 6 months NEVER allow a tenant to move in without getting the FULL rent (or signed Section 8 contract) and security deposit IN CASH.

If you step back and look at the deal, and hear what others have to say, you are going to learn just a boat load about where to go from here.There are two sides to every deal, and it's cool that you're on your way within the confines of what works for you.

Eventually, with the nod of the owners of the firm, I partnered up and ran a small operation at the Chicago Mercantile Exchange.

Single bath houses have been "obsolete" since about 1980.Spend a year getting a "real world" (ie; non guru) feel for this house and how your expenses and operation are working.

A prospective Lease-to Purchase was lined up to occupy the home and cover the mortgage payments in many variations of this scheme a portion of the kick back money was supposed to "protect the Investor" some of the bolder operators actually marketed this a a second chance opportunity for the cash rich and credit poor (People with income that was "difficult" to document) The rapidly appreciating markets allowed for substantial "equity spreads" the source of the "kick back money." i.e the FMV is 100K the seller has 45K into the property and would be happy with netting 18K profit, the change goes to paying all the closing costs and a gratuity to the buyer.

Throughout the United States, operating expenses run 45% to 50% of gross rents.

I was finishing up a career in medicine, running a small ranch with my family, and growing my real estate business into a multifamily focused operation and was buried with tasks.

I was curious how long a property must be operating at the new NOI before it could legitimately be reflected in the worth of the > property on the market.