In your opinions, would it be a good idea to assume the mortgage on the home and then do a lease option for a $5k fee (pocketing the $1k remaining) which would then allow me to collect the positive monthly rent?

He told me that the banks want to hold these houses and collect rent on them and sell them when values come up more.

I have been collecting absentee owned property addresses through my county's assessors website.

We have found that working with the MLS data is very challenging and comes with many issues.

I've been told that its actual numbers.I am planning to request supporting data, utility bills, bank statements etc.It appears that units are individually metered for electricity.

It comes very close to the 24% gross annual return (2% guideline) using the higher repair and lower rent figures.The 50% guideline you brought up is to make an owner aware that 50% of those gross rents you collect each month will flow back out in the form of various expenses (taxes, property management, repairs, replacements, legal, vacancy).

That's about a 40% profit on the flip.Other than putting the money in the savings account and collecting 0.25% interest rate, there's another alternative that I think it might make sense.

Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.

Fortunately, I wasn't hit very hard by the market as many were during that time period.Lots of new tools, easier and less expensive to get data but mostly people trying to put a new face on the old.

I have collected a nice amount of leads from obituaries and plan on marketing to them.