Collections added their 30%.4 years later the GF threw him out & we were informed he paid us off completely to rectify the hit on his credit.

Here is the formula I use for every property I look at:http://www.biggerpockets.com/renewsblog/2013/01/19/real-estate-math/I'll take a mental note of whether a property hits the 1% or 2% rule (if either) when I first look at the numbers, but that's as far as I go with those 'guides'.

Paul, keep digging into this but I found out that doing flipping in a SDIRA you may be hit with UBIT.

My conservative estimates of a $775 rent would still cash flow about $470 a month and return me about 12% annually on my money.If you self manage and pay all cash you will hit this number if things don't get too crazy with the HOA.

You have hit the motherload in regards to Real Estate Investing.

As previously noted, hitting 1 million in sales 15-20k, MLS is around 1K a year, and a recent agent I talked to said she has a $150/month desk fee to the company.

I have met some great people this way and I am getting properties emailed to me daily already.So you've just committed a few minutes of your life reading my intro and I'm about to hit you with an up-sale.

Right around the time I started REI, my contracting company (it's an employee owned company, I am one of the founders), hit a cash crunch, so I quickly learned the advantage of cash flow vs. equity.

Perhaps the start of an eviction will force him to a) leave on his own, b) get a steady job or c) run his business more efficiently so that he can pay his bills on time.And Something tells me that while you have yet to get your money, his cigarette pusher is getting his.

Thanks for helping me realize that even though my first deal may not go as planned it's a great way to hit the ground and began running!