I have taken and passes Macroeconomics, Microeconomics, Financial Accounting and Principles of Management so far.

., his IRA would get a note and deed of trust seciuring the principle and you would pay him the interst arte you agree on, say 10% or 12% (be careful to stay inside the legal limits of the usury laws for the state in which the property resides).

I only put principle & interest assuming if you were using bank money at 6% ineterest rate for say 30yr.

The objective is to make an emotional connection with the potential buyer that generates a strong offer.Speaking of granite in particular, the price has come down so much that it's an affordable rehabbing choice in sub-$100K houses in my market.

I found an old post by David Beard (thank you) stating:Income = Taxable Income + Depreciation + Interest - (Principle & Interest).Mine would be: 4623 + 14,554 + 35,313 - 37,236 = $17,254.So if $17,254 ($1438/month) is the Income from the 12-unit and the refi'd duplex adds $1515 in rents, isn't my monthly income $2998?

You want to do this so you do not have fluctuations in your debt service and so your balloon does not come to quick causing you to have limited time to have cash flows build up reserves as well as pay down the principle so that your equity position is strong when the balloon does come.

Should I be looking for REO's only.Realtors say you must above list price to get them.I been reading this site previously with casual interest.Now, I hope to really learn and apply the principles here.Regards, Rich C

I tried to get a principle reduction for my parents through Citi.

My point here is that while it appears your investment objective is not current income your margins are very thin.

First and foremost price overcomes 99% of objections.