But countries such as Australia and Canada, which only suffer modest fiscal deficits, have experienced rising rates as well, so it cannot be the only explanation.Maybe the answer is to be found in the safe haven argument.

I would bet a true comp would be lower...IMHO.I would base it on 60k to be safe, but make sure you confirm this with comps.70% of 60k = 42k42k-15k repairs = 37k3k closing cost = 3kMOST I would offer is 34kAgain if he motivated he motivated.

To start out a very scary neighborhood, not sure its safe in the daytime let alone at night.

Plus as long as they keep the faces blotted out i think it's perfectly safe.

Edit: Sorry this reply came out looking a little awkward, its very difficult to use this website on my mobile device

Apparently they have a criteria - must be owner occupied - that doesnt take into account how safe or juicy the deal is.

Well one of my friends ran a well know detective agency and said he would loan me a small locater device he had just bought several of and it so happened that several stoves and dishwashers were swiped the Saturday night after they were delivered to the site.Who was swiping them, the warehouse foreman and the delivery driver. who then sold them as bargains on a excess inventory story to unsuspecting buyers who were happy to have just happened to run into a short time bargain by a reputable company, or in some cases at full price to a buyer whose real paperwork was canceled or lost but the product delivered.

The other option is to leverage them with a safe option play (like covered calls) if you think the company is going to be doing well over the next several quarters.

It's one of the few pertinent to the subject, and it is a few years old (pre-SAFE Act) - but worth a read.

Many of these eventually morphed into 1st position notes.Back 20 yrs ago it was easy to do, very profitable but with the new Safe Act etc its moot.Now we are doing other investments.