That'll give you how much your operating expenses are per month.

So, buy at a huge discount and ensure that you have positive cash flow using real world operating expenses.

I am learning to be an investor's virtual assistant which happened partly because I have always been interested in real estate and partly because my 15 year old son wants to learn the ropes.

However, as your portfolio grows, the risk diminishes because the cash flow from your properties will cover any big expenses that come up (assuming of course that you bought properly and have calculated your cash flow using real world operating expenses).

As an adjunct to their product development lab they operated a LAUNDROMAT (that's actually a trademark), if it's not WHITE-WESTINGHOUSE GEAR IN IT then it's just a coin laundry.

Don’t forget your street finder, newspaper, notes, offer sheets, phone and flashlight. 4.Call the reverse listing phone operator.

Operate it as such.

The owners seem to wait until the last minute at which point it's virtually impossible to do anything.The good news is you really had no deal at all until you obtained a payoff from the lender and/or trustee and had title run.You didn't say what the value of the house was though. $60,000 equity in a $100,000 house is a slam dunk.

Taxable income or loss is rent received minus three types of expenses: operating expense, depreciation, and mortgage interest expense.Assume the purchase is $92,500, of which $15,000 applies to the land and $77,500 to the building.

I think if you want to structure deals with a lot of "bells and whistles" you might first want to understand the basics of how a straight up, conventional, FHA or other mortgaged purchase operates.3.