The 15 has a lower rate, but the interest is either deductable for most owners or is expensed for investors and the additional principal paid from the difference between the 30 and 15 will reduce the interest costs at a faster rate than paying the 15 yr, everytime.If you have to look at the property and the cash flow analysis as a deciding factor, the deal is not a deal.

I would find out what that property was worth at the height of the market.In other words if it is worth 100k today and was only worth 130k at the market height then waiting years and years to get the money might not be the best option.If the market has dropped really low and this property used to be worth 300k then it might make sense to rent out and hold long term.The question is can you take the now money and grow that money at a much faster pace than holding onto this property??

(and expenses are pretty high in that business – fuel, equipment, insurance, etc.).

The phone started ringing and the first call was this:Two Family HouseSTYLE 2 FamilyMODEL ResidentialGrade: AverageStories: 2 StoriesOccupancy 2Exterior Wall 1 Aluminum SidngRoof Structure: Gable/HipRoof Cover AsphaltInterior Wall 1 Plastered/DrywInterior Flr 1 Fin WD/CarpetHeat Fuel Oil/GasHeat Type: FA/HW/STAC Type: NoneTotal Bedrooms: 06Total Bthrms: 2Total Half Baths: 0Total Rooms: 12Bath Style: AverageKitchen Style: AverageLiving Area 2,578 square feetReplacement Cost 222,986Year Built 1935Depreciation 30%Replacement Cost Less Depreciation 156,100BAS First Floor 1037 1037FAT Finished Attic 1008 504FOP Fin Open Porch 224 0FUS Finished Upper Story 1037 1037UBM Unfinished Basement 1037 0Total 4343 2578Current Assessed ValueTotal: 131,880Zestimate $137,500Owner says it needs roofing work done and the porch needs to be fixedThere are 2 tenants one is paying $900 a monththe other isn't paying anything but is a family member which a reason he has to sell not making much money.Owner owes property free and clear and is looking for $70k or best offer.Comps in the area are about 115kso 70% is 80,500 - 20k repairs - 10k my fee = 50,500Supposed to meet with him today, my partner set the meeting up before I could talk to him.What do you guys think?

Some general ideas I have:- Self manage (providing they are skilled at it)- Keep tenants longer than average- Get maintenance done for good price- Discounted insurance- Turn vacancies faster (this is a big overlooked one)- Get above market rents- Raise rents regularlyAn example:I know a landlord that has an average stay of 8 years versus 2 years.

If I can make large money on assignment fees, and my end buyer is happy with his end, that obviously Assignment, are much easier, faster, and less hassle.

Your finished product is absolutely beautiful.I've never done anything this extensive, but I've always wondered if at that point it would be cheaper and faster to just tear down and build a new house.

While I haven't done this for 100% of my colleagues, I can tell you the ones I have are in many cases doing business with me, or there are some future plans to figure out how to do business together.This site allows you to build your business faster and better working with the right people.Good Luck!

Can you get the Bnak to answer faster?

Run the presses even faster resorting to the time honored method of making debts disappear by cranking up the printing presses and flooding the world with depreciated dollars.