If a property that is worth 5.3 million today at 6% cap approximately, can be bought at 5% interest rate; if the same property I could get at 4.3 millions in 2 years if the market falls, then interest rate possible at 6-7%, my cash on cash may be better but still not significantly better due to the higher interest rate, plus opportunity costs of sitting on capital for 2 years (1.3 million investment earning 1% bank interest instead of 7% COC if invested, loss of tax break depreciation, total loss may equal 200k loss in profit), plus increase in the rents and some value add could increase the cap from current 6 to 6.7 or so in 2 years.Unless, I find another source that can give me a COC of 7%, sitting on cash for 1.5-2 yrs for market to correct may itself be a loss.

My husband and I are new to real estate investing, just in our education phase and working towards our first deal, and we’re out in Gloucester.

Today the kid got out of school 2 hours early .Well he still got an education .

I know you said you had no money, but you need to get educated on the basics before you do anything else.

Then today October 17 he contacts me and says I have to give him a 400.00 pet deposit or get out I feel as if my own landlord is robbing me can he do this legally!!! 

I was going over another GCs tax returns just today, and depreciating v not depreciating was about a $200k difference in what they qualified for.

Thank you in advance for any advice or resources I can read to educate myself! 

OK, be sure to take good education from at least one of the national teachers on Wholesaling LO:  Joe McCall, John Jackson etc. 

This deal just popped up today and I cannot pass it up. 

I think I made a big mistake today at no ones fault but myself.