She and her ex husband are prepared to take a loss of $25k (loan is currently at $174k).

When rehabbing a commercial property, one needs to do some of the things already mentioned in addition to studying the house pricing trends, rent levels and prepare a cost/income estimate.The rule of thumb I suggest my client's use---for every $1000 invested in improvements should increase your net operating income of at least $200 per annum or a 20% return on capital.

Well, REI basically answered the questions.I prepare and send the annual statement, along with the escrow fund recap of income and payments.

the best way to do either is to post here and other internet forums. look for someone with experience that is willing to teach you the proper protocol. make yourself known and get your sign posted that you are in business everywhere you can. be prepared to put in some long hours and alot of phone calls. i have over 6000 minutes on my cell this month and over 4500 emails to my inbox. the banks dont deal with anyone that dosnt have the cash to perform so if you dont have a solid buyer backing you up it is not to often that you can find a direct source but you cant stop trying everyday. remember, behind every dud is a stud.

I get the $2K, I charge a $300-$400 for legal/document preparation and I can charge whatever interest rate I want.Do I occassionally have some hassles collecting?

My accountant believes that if we file the legal contract we are preparing and get it on record, then that will allow us to divide the interest write-off between us, even if her name is not on the loan with the bank.Has anyone else tried this?

The key, as with any painting project, is the preparation (which in this case involves using acid, and a little automotive type "Bondo").

Are you prepared financially to shoulder the cost of buying a house?

If I wouldn't have cashed out then I'd be running a 67% LTV and would be close to break even using 50% expenses.I had read a lot of books and done a lot of research over the past 2 years and thought I was prepared, but now I'm second guessing myself.

The medicine they seller needs might not be the medicine the seller is prepared to take.Four.