You will probably be paying 10% higher using hard money loans as compared to conventional.

Houses in the area compared to mine are renting around $1,000 per month, so the cons are my property is in a service drive, no basement, and no central air (no biggie in michigan but being on a service drive and considering car fumes might have to install one) pros are most houses won't be as nice as mine, renovated, nice open layout and 2 car garage.Now to the question, I'm concerned that the master has no bathroom, so the renter will have to go downstairs to use the bathroom.

You can check comparable properties on sites like zillow.

I am in the position to pay cash for one property in this price range but realize that wouldn't allow my money to be working as hard as it could compared to leveraging the bank's/lender's money.The Question: To those creative and experienced out there, I feel there might be a solution to my goals in buying my first investment property in cash.

Meanwhile flipped homes were still purchased at an average discount of 13 percent below market value in 2013, the same average discount as 2012, indicating that investors are finding discounted buying opportunities outside of the public foreclosure process — particularly in those markets with the biggest increases in flipping for the year.”Major metro areas with big increases in home flipping in 2013 compared to 2012 included Virginia Beach (up 141 percent), Jacksonville, Fla., (up 92 percent), Baltimore, Md.

The result is the taxpayer may end up paying a tax rate that is comparable to the state with the highest tax rate.When you consider the 50 states in the U.S., there are 43 that impose a state income tax.

If you think about it, the cost to bump out a wall on a 40x50 house to 45x50 when building is only a small increment.Further, you have to compare floor by floor.

Now this is all comparing a one bedroom multi to larger numbers of bedrooms in a single family.

You can deduct the expense, yes, but that is hardly, IMO, a "phenomenal advantage" as mentioned above ;) at least if you compare it to having an employer cover half of the expense or more.I have never had a job with benefits, and health insurance remains my single largest monthly expenditure.

If you think they're expensive, compare the price to a single course at a university or any sort of computer certification course.Jon