But even those with fixed rate loans may hold back distributions because they need to hold asset longer than anticipated and went into amortization, or because they are holding 2-3 yrs longer than anticipated, they have more Capex items than budgeted.Within real estate, taking first mortgage positions will be more consistent (but still not 100% guaranteed) income.  

Once you head East and cross Sprague it becomes a much different area and vibe.There is a lot of talk on here about investing in Hill Top and being "up-and-coming" but I've been in Tacoma now for 10 yrs and I heard the same thing back then. 

If you're not at least breaking even when running your numbers, then it's easy to tell their "rent rolls" were some fantasy projection looking 5+ yrs into the future.

Opinions please:"INCOME monthly annuallyrent 1 $575.00 $6,900.00 rent 2 $325.00 $3,900.00 rent 3 $650.00 $7,800.00 rent 4 $325.00 $3,900.00 rent 5 $325.00 $3,900.00 Total Inc $2,200.00 $26,400.00 EXPENSE monthly annuallyTaxes $240.68 $2,888.16 insurance $58.17 $698.00 Water/Sew $60.00 $720.00 gas $100.00 $1,200.00 electric $263.08 $3,157.00 financing** $704.63 $8,455.56 Total Expe $1,426.56 $17,118.72 CASH FLOW$773.44 $9,281.28 *** 97% financingPurchase price $99,000.00 I will pay your $2,970 down paymentAmount Financed $96,030.00 rate (fixed)8%term 30 yrs mortgage payment $704.63 You can get your cash flow ever higher if you invest in submetering for the electric"Thoughts?

It was an interesting experiment.She stayed 13 yrs and when she moved it really was trashed.

I can get a lower interest rate at 15 yrs, but the monthly payment will still be a little higher than what I can rent the place for.

But wait three of four years fro now when the 30 yrs fixed rate is 10.5% or 12% and people will try to pull that trick buying property with mortgage take over or land trust, I guaranty you an explosion of Due-On-Sale activation...

The L/P might be a viable way for you to sell and could allow you to collect a little bit of cash up front in the form of a deposit.One caveat: if the buyers have money now that they were going to place as a down payment for the mortgage, you'd want to take measures to ensure that they don't spend it in the meantime since they'll most likely need it for their mortgage in 4-5 yrs.

Thanks...I haven't been back home in over 20 years..i live in Minnesota for 15 yrs before going to Vegas .I'm sure a lot has changed...I don't look forward to moving back there tho...I've grown fond of the Midwest and West Coast...but more so the WC...it gets to cold up here!

With my smaller apts, I post in the ad that we follow HUD occupancy guidelines: 2 per bedroom max, kids of opposite sex over 2 yrs need their  own bedroom as well.