So a $1,000 increase in yearly income equals a equity bump of 8 or 9 thousand in the world of 11 and 12 cap parks... there is a expense adjustment that really needs to be made... but we will keep it simple here... 4: Some parks have lots of crime, some less... you will probably get a feel for that on the buy side...

Hi All. First post for me.

My business partner and I purchased a rental 9 months ago with all cash. Now we're looking to do a cash out refi to purchase another property, but our mortgage broker informed us that o...

Like I said, I'm not attached to a given vessel of my beliefs.

Maybe better to offer a catchy gift for bringing the buyer: trip to the Carribean, or a new car or something equally desirable.

That being said, not all educational systems are created equal and unfortunately I am not always impressed with the offerings that experienced investors put out.

As long as everything can be done within the 180 days exchange window, the exchange remains intact.Now, if the relinquished property had an underlying mortgage, you would have to contribute cash equal to the mortgage payoff to the exchange escrow in order to complete the replacement property purchase and rehab.

Therefore, the only way I can see the deal will make any sense is to stretch out the term long enough, say 10 years, and give enough of a mo. rent credit so that all his total rent credit at least equals the loan balance owed.

:)Personally, I don't think the fact that a lot of people out there want to destroy us has anything to do with religion (though it's easy to bundle it under that umbrella)...instead they want to destroy us for our way of life and our way of government...Yes, most of them are currently muslim extremists...but I wouldn't be surprised if there are plenty more out there that would be happy to destroy us regardless of their religious beliefs...

My father and I will be equally sharing the workload of the actual renovation.

When I was just starting and had just a few rentals we separated business expenses equally across the rentals and it worked fine.