We sign up for the "rever to landlord" so that there's no interruption of service when a tenant leaves and cuts off the utlities claiming that they couldn't vacuum because they forgot and turned off the utilities early.

He claims to earn 16 percent annually over the 5 percent earned from a CD (Keep in mind the book was written in '97).

So, NOI = 95%*85%*60%=48% of gross rent.beekrock, I won't claim to be the expert Mike and R2 are, since I've yet to find a property.

I think it is alot easier to the property to be taken away or claimed and you get left hi and dry because of this interest only.

I have already claimed my success verbally.

Are you claiming to have better data than those guys buddy?!

Once he realizes that you will not pay for profits that the owner claimed to the IRS did not exist then work out a compromise.

Plus, my broker said the seller only wanted to give a quit claim deed and I'm definitely not comfortable with that.

My bad on the cap rate calculation.The listing claims the property to be fully rented, but I'll request the financials and current leases.As far as the financing, thanks for the info Scott.

Way longer than she thought, and what apple claimed.