Please let me know what you think.Here are the Numbers:(pro forma, but I live three blocks away and have done so for 15 years)Price: $110,00010% down Plus closing 16,000interest rate: 5.25 (30 year fixed)roughly 15,000 improvements out of pocket.Mortgage: 571.53Rent: 1050 (this is low as market in the area is 1150)6% vacancy ( average for the neighbor hood is 4)Expenses:total: 2200 annualMy results: $134,500.00 total cost of unit6.42 cap rate9.127 GRM11.10% Cash ROI33.82% Total ROI125.89% DSCR$1,775.63 annual cash flow 1st yr 1775

This will sort out how efficient they are and how fast the title company is.

Is what I'm doing really what I want or is it just so I can fit in and be "normal" this book opened up my eyes to see what I really want and that is to be self efficient and to be free, from all the restrictions society has put on all of us.

You will rapidly grow in your 20s, and so will your salary, but if you learn to live efficiently then it can be a great boon to your investing.

Greetings, Perhaps the best way to introduce myself is to post up info from my profile: Seven years after retiring at age 52 from an energy career, I have begun a new 'career' in real estate investing.

., a Home Improvement Service Company which has sparked our desire to get into the Real Estate Investing BusinessMy wife, Theresa, and I are very excited about being able to learn techniques and get help to build Our Real Estate Portfolio and learn the Real Estate Investing World through the knowledge and help of BiggerPockets.com Members, Forums, Podcasts and BlogsWe are looking forward to making new friends and build new relationships while working at our new Adventure of Real Estate Investing.We Hope add value and a benefit to BiggerPockets.com with our Services.thank You, Best Wishes and May God Bless,Donald and Theresa KlosCustom Refinishing, LLC and AOK Properties LLC

Literally, it went from super high tax to super low next day.Prop 13 is a huge reason why families could move up, without it the taxes created such a burden that one could not afford to move or improve for fear of getting taxed to death.

What you really need to ponder is if you can handle the extra time and emotional energy the low income can zap - chasing rent, doing the same rehab over and over, not being able to go after damages.I would do Section 8 in a heartbeat, there are more incentives to do the right thing to keep or reinstate their vouchers.

I am not satisfied with the house now because its not energy efficient and uninhabitable.

. :-) Repeat after me, Mike, Auctions are efficient.