Hey everyone just wanted to update you all on the latest, so I am in my 5th month and its going great, a couple weeks ago I met a guy that is rehabilitating a neighborhood in my area and set him up with a capital investor and we are all in business the rehabber has 300+ properties in his inventory to rehab at low to no cost to purchase these properties basically the city approached him to fix the houses in the neighborhood, the city discounts the taxes and leans so he is paying less then bottom dollar for this stuff.I have my second property on contract its a multi fam with great return, still at my full time, I love my job so it will be hard if I ever need to quit but if I don't quit I cant wait to tell my boss to pay me less, who would ever do that!?!?!?!?!

In other words, their parents were low life bottom feeders so why would we expect better from the offspring???

I would like to know the cost of that capital, as it will affect your bottom line.

So I want to get to the bottom of this.

The bottom of the post mentioned BiggerPockets, so I checked it out and was hooked by the Podcasts. 

@Mark Ainley @Matthew Putnick This is a multi-unit property that currently is set up for 3 units if the bottom unit is rehabbed into a 3rd or it will be a good size duplex(this is the route we're thinking).

Only in 1941 is when the 10 year treasuries bottomed to 1.95.

This isn't a Lease Option.It looks like her calculation is based on a repayment in loan of the full 80k...and not the balance of 75k...like your 701 reflects.If you are putting in 5k to start...and end up paying the 3k in rehab to get the bottom unit flowing, and you get both rents, you would be ahead 850/month...which would mean you wouldn't break even until the 10th month.  

I think bottom line is as long as you finish your tasks on time and provide value to the company, a few phone calls here and there won't hurt a bit..

A bit of a letdown, but we held firm on that bottom line.