I'm guess 'Math' is probably in 'general' most peoples weakness ya know.

Wow thanks for the replies guys I must have a lot to learn..I thought the 2nd deal was favorable because the only expenses I would have is insurance and property tax...plus the renter has a lease until 2014 and is willing to sign a long term lease upon change of ownership..there so many formulas i feel like i'm in math class...i guess i have a lot more to learn..can someone point out why prop 2 is bad?

Also, be careful with parcel numbers, be attentive at bidding, do your homework prior to sale, follow the state guidelines.- At least if you are just starting out, start in your own state or nearby state.

Firstly, if you tell my sister to sell you anything, I'm gonna keyboard slap you :mrgreen:

So, in tonights class(RE licensing) we were taught legal property descriptions or something like that. Basically, it was a ...

Just to keep the math simple, let's say I buy a multi-family property for $100k, I put $20k down and I'm able to net $500/mo from the rent.

Most common mistake which most of the new investors make is investing without any proper homework and forecasting of real estate trends in future.

Here's some math for ya.

Just do your homework, be prepared and know what you are willing to pay and you will be fine.

It looks to work out on my math formula I have in excel for a potential rental.

If betting on appreciation appeals to you then do your homework on your area of interest, and sure you might just be able to have a cherry on top.