One other thing that is appealing to the current owners is getting a decent rate on the notes they would carry, compared to the fixed rate products that they would be likely to put their money in such as CDs.

Excellent work.

I didn't get a chance to make it, but my business partners said it was excellent.

I have some excellent tenants who came with the duplex I bought last year.

For Obvious reasons, I like the WCRT group, because the WCRT does not allow the presenters to SELL you their products, They must give info.Here is a link to the list of REI Clubs that BP has: http://www.biggerpockets.com/real-estate-clubs/illinois.htmlHope the flip goes well, and hope to see you not only post more on BP, but also attend some local groups!

You all made excellent points and thanks for the shares.

The places mentioned earlier had excellent ROI and low taxes and the thoughts were that baby boomers may head to these areas and therefore increase the home values in the future.I have five more years before I can receive my pension.

Just use extra diligence when screening potential tenants and maybe do additional property checks during their lease term.I've got a few rentals that were semi custom specs I couldn't sell when the world fell apart and so far they've remained in excellent condition.

This is my 2nd and the first one sold to a cash buyer before it was done so I haven't dealt with FHA yet.With that being said, I spoke with their bank and they are using a Portfolio product that is more strict on ratios but less strict on appraisals and the actual property.

I listened to the podcast with Ken McElroy and it was excellant.