How much rock hammer, how close are the utilities, that sort of thing.The income of the local population affects the price.

What are your thoughts on this statement: " getting the previous owner to keep the insurance on the property in his name to conceal the change in ownership is arguably conspiracy (two or more persons), mail fraud (something related to the insurance will go through the mail either from you or to you), concealment of a material fact, and false statement (to the insurance company about who is the current owner).

Just please don't feel like you have to spend thousands of dollars on some guru course to begin.haha yeah that what i was thinking of buying a "course" online that comes with like 12 audio cd for like 40 bucks i doubt i would ever pay anything over 1k on a RE course i rather read books , listen to tapes, and go on bigger pockets.Yeah, that is a good idea.Don't get me wrong, there is nothing wrong with education, just make sure the education you are paying for is quality and you are getting the return on it you need.For example, if you get some material off ebay and decide you would like to do lease options, then you could read a book or two on lease options and go out and do them.

What utilities do you have to pay now that you didn't have to pay at your old office?

That includes taxes, insurance, vacancies, advertising, utilities paid by the owner, management, maintenance, entity maintenance, legal fees, evictions, damage done by the tenants in excess of the security deposit, capital expenses, lawsuits, etc, etc, etc.

It never materialized but with my new conditions (money to work with, proximity to china, schooling in import/export) it looks like it will become a reality.

Property Cost $200,000.00 Repairs Needed $50,000.00 Number Of Units 10 AVG Rent Per Unit $475.00 Gross Schedule Income $4,750.00 Vacancy Allowance 10% $475.00 Gross Operating Income $4,275.00 Less Operating Expenses Accounting $25.00 0.58% Advertising 0.00% Insurance $125.00 2.92% Lawn / Snow $- 0.00% Repairs $85.50 2.00% **Since i guess high for repairs, i lowered this down to 2% Monthly Taxes $458.33 10.72% *** Renter pays Utilities Electric $- 0.00% Gas $- 0.00% Fuel Oil $- 0.00% Water / waste $- 0.00% Total Operating Expense $693.83 16.23% Net Operating Income $- 0.00% Property Cost With Repairs $250,000.00 25% Down $62,500.00 Additional Cash Down $- Remaining Balance $187,500.00 Gross Operating Income $4,275.00 Monthly Mortgage $1,875.00 Total Operating Expense $693.83 Monthly Profit $1,706.17 36% profit My formula always shoots higher on the cost to protect me.

He's using his system and marketing materials to do this, and its very much on autopilot.

“Default” occurs when the borrower does not pay as agreed. http://www.bayhouse.com/FairIsaac-NextGen-risk-factors.shtml Depending on the consumer's utilization of other debt, the hit to his FICO could be less than 100 points.

The big money guy didn't materialize and she wouldn't even buy it for herself because of the interest rate, which I don't blame her, but she had no interest to do what it takes to improve her FICO and save up a little money to get an awesome first-time buyer loan.