So a 2/1 in Memphis TN has a 1/4 acre lot, nice homes all around cul de sac but house had no inside pics, no broker coop and with 15 minutes to go It started at $100 and was up to $250 so I bid $350, reserve not met, 5 min remain, I'm overbid and it is now $450 reserve not met, so I figure I stick in one more bid just for fun, it probably won't hit the reserve, so I bid $550 and of course the Reserve is Met and I win the auction!

They don't have a lawyer on staff so they cannot or will not answer any legal or financial questions, but they have low fees and options.https://www.delawareinc.com/ Do your search, if I'd do it over, I'd pay more if there's a lawyer on staff to help answer Delaware Series LLC questions.

@Wendell De Guzman I would definitely buy private or public shares of BP! 

Originally posted by Account Closed:@Wendell De GuzmanThanks for sharing this is a powerful strategy, definitely one I will be applying to build my portfolio!... 

Revenue Assumptions:Monthly rent revenue  = 500*20 = 10,000 (A)Vacancy = 10% (12000) (B)Effective Gross Income = 108,000 (A-B)Operating Expenses Assumptions:Property Taxes = $8500 (C)Insurance - $4,000 (D)Utilities - $18000 (1500*12) (E)Property Management - 10% (10,800) (F)Repairs - 10% (10,800) (G)Maintenance - 10% (10800) (H)Total Opex - (C+D+E+F+G+H) = $62,900Net Operating Income = 108,000 - 62900 = $45100- Total Debt Service = 69k (Downpayment 3% Rate 5%Term 20yrs)Cumulative Cash Flow = 45,100 - 69,000 = -$23,936*above includes 40k deferred maintenance as wellBased on above your DSCR will be lower as well as cash on cash return will be negative.

De facto IRS agents.If the CPA is backed up, that means they do a lot of business.

They look at how big the yard is, which school district, whether it's in a cul-de-sac, the view, etc.

For some reason I was not able to post in local Philadelphia forum.Let me know if you want to see any other county that covered by Trend (berks, bucks, burlington, camden, chester, cumberland, delaware, gloucester, kent, mercer, montgomery, new castle, salem, schuykill)

That way I can give you X amount for a piece of paper instead of telling you I’ll give you X amount for property A property B property C D E F G... just feel it sounds more agreeable?

I am currently interviewing realtors in Delaware County, PA to make sure I find a good fit.