What is your plan for operating?

i'm talking a GOOD 6 months to a year of learning about finances (both personal and business), real estate investing - benefits and risks, business operations, and some systems for analysing properties thoroughly.keep in touch.

i hav a friend whos financing just fell thru on a 200 k loan to finance his salvage operation he has the land and liscencing all wrapped up but needs operating capital and money to buy a scale he has some good collateral if interested kevin

REI doesn't change much and there's not much you need to know to do it.10) It puts you in the "I quadrant" which is the most lucrative quadrant you can be in.11) You're odds of becoming a millionaire in less than 10 years of doing REI, if done consistently are virtually guaranteed.

Tucson, AZbut I operate in and around Mexico :mrgreen:

Price/ Unit $ 52,500 Price/ Sq. ft $ 74.46 Rental Income Scheduled Rental Income 48,000.00 ( per year) Vacancy (0%) 0 Effective Rental Income 48,000.00 Service and Other Income 1,615 Effective Gross Income 49,615.00 Operating Expenses Utilities: 4,320.00 Repair & Maintenance 1,300.00 Turnover Costs/ Cleaning 3,000.00 Taxes 2,568.00 Insurance 1,750.00 Total Operating Expenses 12,938.00 Net Operating Income 36,677.00 Debt Service 22,884.00 Cash Flow 13,793.00 Cash Flow/ Month 1,149.42/mo Cap Rate 9.178% 4 2-bedroom units rent for $550 4 1-bedroom units rent for $450 Can anyone help me figure out if this is a worthwhile deal?

After all, you're HOLDING the property so property value means virtually nothing until you sell many years from now (as long as rents hold up and you continue to cash flow).

Yeah, thats the thing too, I have virtually no work history.

And landlords became very rich last couple years :D Here in Ukraine operate many int companies: Colliers, Cushman&Wakefield and CBRE (via assosiates), LaSalle, Knite Frank and market looks very affordable.

3 Complaints within 1 year of operation is certainly not a great record.