Unbelievable.

I'm pretty sure this is a good deal - my offer was accepted, but I still have an inspection that needs to pass.Duplex (side by side, 1,600 sq ft each side)Purchase Price: $19,00020% down - $3,800Mortgage on $15,200 @ 7% (commercial loan) $117.84Taxes $2,300Rents $1,000 ($500 a side)Now, this alone is an unbelievable deal - but it needs work.

Thus, I agree that it's always best to use opt-in lists than buying.Another alternative (although less personal), is to include your postcard in a mail-drop or inside your local newspaper.

One or two rental properties is not a bad start, but it will not get you to financial independance. 50 rental doors will not do that and you must find alternative resources to acquire properties.Partners, private money lenders, home equity, IRA, 401k, other people's IRA or 401k, etc.

Anyone have any alternatives?

Another alternative is to buy the property sub-2 or in some other fashion.

If you assume 100% financing for evaluating the deal, then you're paying yourself the same return on the cash as you're paying for the loan.An alternative is to consider the cash on cash return.

Real estate is one alternative.

Assuming that someone has alternative motives, or raising issues with postings that might simply have been an honest oversight, are not worth defending or bickering about (leave that to the grade 5 kids.

Unbelieveable, I agree with the other posts.