The formula is just a starting point and prevents you from making a major mistake by paying too much for a property. 8)

Therefore, to determine your cash flow, subtract the mortgage payment from 1/2 of the gross rent.You should also be aware that the vast majority of people who lose their house to you will not be able to buy it back.

That is why the majority of newbies fail.

And any help or what to watch out for.I am not going into this as a major money maker but I just wonder how likely a condo or other vacation property will keep up or ahead of inflation or be about the same as I would make on conservative investing the same amount.I am just starting to think about this so if you can point out any good things to read or just tips in general it will be greatly appreciated.

Most major cities have excellent cashflow about an hour outside city limits.Tim

I live in Bridgeport Connecticut, which is on the verge of a major renaissance, and I want to be a part of it.

I have been late on a C/C payment or three in the past but nothing major.

You may want to search posts by allcash, he uses this method with the majority of his projects.So is a nutshell, using your own cash is not a bad idea, it is an option that is not for everyone but it could be for you.

Minna thats a major problem currently with the motivated sellers I run into.

Why does a major bank hand out such high rates when I see better rates at prime or prime - everywhere?