I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low... in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.

You want to get a good handle on what's going on during your inspections.The steep stairs combined with the weird wiring make me wonder if the upper rooms were added with proper permits.

wells fargo is becoming less excited with each purchase about financing more houses for me personally.i am trying to set everything up for long term functionality.

Let's look at your "mid-point" purchase price and call it $193K, 100% loan (I know you did 80%, but let's use 100% to cover your opportunity cost on the 20%) is $1188/mo, P&I.I don't know what ppty tax and insurance run in OH but I've got to believe it's at least 1 1/2% of market combined, so another $3600/year, 300/month, OK.You're up to almost $1500 FIXED COST against an average rent of $1670, which is WAY TOO THIN to make this work.

Hi guys,I tried to look for an answer through the search but could not find one.Here is the scenario.We are family members.We have a total combined equity of 100KWe are looking to buy Apt buildings 20 or more units per Apt complex.2 of the members have excellent credit1 of the members has poor credit but good equity( which we may need to use for down payment).How do I set up a company in order to protect everyone?

Excel has the functions built-in.

I hope to add the capability to add this functionality to the forums soon.

Then I take your loan balance, $19,776 and using the discounted cash flow/present value functions on my financial calculator and calculate back to determine how much (or little) I have to invest today to buy that mortgage in order to turn its (face value) yield of 12% into a yield to me of 20%.Back in grad school and when I worked I was actually pretty good at doing this.

Theoretically with the combined ground/neutral panel system in the US, you would have the same risk of being shocked through the ground if you lost your neutral at the panel.Funny thing is that it stated that up until 1996 the National Electric Code didn't separate the ground and neutral on many appliances.

Appreciation is a function of NOI and the prevailing CAP rate.