His reaction to that statement told me everything I needed to know.Today I use the mortgage calculator function on my Excel program to do the same thing.

This would be our first multiple unit purchase.My question is regarding whether the numbers work out to be a reasonable and sound investment considering the criteria provided.35 Unit 3 Level Apartment BuildingPrice $2,550,000 15% downAge - 40 YearsAnnual Income - $336,502Less Total Expenses - $158,954Net Operating Income - $177,548Less Morgage Payments - $141,720Cash flow - $35,827($2985/monthly)Some addition infoHigh efficiency HWG boiler in 2006High efficiency domestic HWG boiler in 2006Thermo windowsUpdated lobby90% new fridgesState of the art security system 17 x One Bedrooms18 x Two BedroomsCMHC insured7.0% CAP Rate 21.9% R.O.I.Existing first mortgage of approx. $1,929,679 @ 4.34% pays $10,819 P&I /month due December 2010

Excellent tips.

I have excellent credit, secured assets, and documented income.Thanks,

I do network with Property Locators from other parts of the world, such as the UK, Spain and Italy.....My main focus right now is just next door to us, Mexico... for the last 12 months I've been working in an area on the coast of Sonora that is ready to explode...and excellent time to invest....with the potential to double or triple your investment within 2 to 3 years.threre are too many factors that will detonate this area and cause it to drastically increase in value...

I am sure most of those who are successful would agree that you should follow your passion because you are more likely to overcome all obstacles in it vs. doing something which you are not so passionate about, and at the first bump call it quits.Forex is also an excellent place to start if you know what you are doing.

slimmatic,With excellent credit, you should be getting those 0% credit card offers in the mail every day.

I ended up with a 7-year ARM at 10.3% (even with excellent credit), 10% down, for both deals.

Realeflow is an excellent shortsale managemant tool.

"Brad" and his crew had done work for us before and did an excellent job.