He told me to speak with an attorney and determine just what kind of risk there was and let him know so they could write a suitable policy.

There are nine questions that help the IRS to determine whether your activities are dealer or investor based.

In theory, as rates rise prices should be adjusted to offset the added expense of borrowing, but there are so many other variables that could counter that relationship.Knowing the relationship will help determine better investment strategies.

I told him, "I will do whatever it takes Sir". he hired me on the spot and told that sline/story to countless people, as he was so impressed by this young kids determination and willingness to get a job.Take this story as motivation to do what it takes to get to this event.

Cash reserve requirements - determined by lender, most likely will want 6 months of PITI in reserves when you close = my estimate is $6,0007.

My rate options are as follows:4.25% for 10 year4.95% for 15 year5.25% for 20 yearI had a hard time determining whether I wanted a 10 year or 20 year balloon.

With this data its easy to combine that with what you learn web sites like trulia and realtor.c-m and loopnet, zillow ,homes.c-m ect to determine some sort of valuation.

Thanks for the advice guys, I'm determined to get into rehabbing.

Flood insurance requirements are based on FEMA flood maps, and it's up to FEMA (and the local water management departments) to determine if and how the maps are to be changed.We had some major flooding in my area back in 2009 and the results were that some of the flooded areas got reclassified into flood zones that required insurance and some did not.

My basic return formula looks like this: (Gross Income -Adjusted Expenses) / (Purchase Price + Required Improvements) = Return on investment.Shortened up: NOI/Cost=ROIAssuming the building you are considering has no deferred maintenance and assuming the seller’s Net Operating Income (NOI) figures are correct then to obtain a 9% return you would want to buy the property for $24,151/9% = $268,344.If you choose to finance the property then the terms of your loan and the amount of your down payment will determine what your return on your invested cash or ‘Cash on Cash” return is.