Buying is so easy, and way less stressful then I thought, now I have my personal residence I can move onto investment properties in a few years and wont have much fear!

It just means he is offering 50% of whatever the ARV minus repair value is. So

The building is a 10-unit apartment complex that they inherited, own and are (poorly) managing.At this point I'm thinking about an offer that looks like this: $300,000 sales price, $30,000 down and 6 unilateral notes of $45,000 (1 to each sibling).The reason why I would offer it as such is so the executor would be tempted by the convenience of such a payment structure vs. getting a check for X and having to send out 5 other checks per month to his siblings.Thoughts?

I thought this was fairly normal (but what do I know, right--lol).My agent is stating the market is so hot it won't get accepted.

I thought this was fairly normal (but what do I know, right--lol).My agent is stating the market is so hot it won't get accepted.

Plus, an eviction is so much cleaner and cheaper.

The 50% rule does include the taxes and insurance.The 50% rule will serve you far better than trying to say maintenance is so much, vacancy is so much, etc.

And here I go again up on my soap box and maybe I'm being self centered and do not fit into the "globalist" mold that is so trendy but "quite frankly, my dear, I don't give a damn" about what the rest of civilization does.

This is why most recomendations are to start in your area and get a few deals under your belt so that you understand what is needed and what has to be found out.It is so often hard to do so from so far away.

Hey everyone,I'm a business student at the University of Illinois and am thrilled to find a place where first hand real estate knowledge is so abundant!