Write it for CASH with fast fast closing.

We looked at a wholesale property today in a great neighborhood, 85016.

@Andrew Johnson - The rain was supposed to come tomorrow, not today!

Today, those Studios rent for $1,900 each.So each apts moved from $500 to $1,900 in 17 years for a increase in rent of $1,400.If you bought a cash flow property outside NYC that was cash flowing $500 per month, but only doubled in the 17 years to $1k per month, you would still be short $400 per month because your rent increased $1,400 versus your outside cash flow property which only increased $1k.I can't emphasize that if you instead bought our place to live here rather than rent, you should think of it as hey, I'm actually doing better than the above scenario of buying outside cash flowing properties!

My partners wife did not buy the house with her husband they are living in today, never bought a house and is not on their mortgage. 

Thanks I just wanted to share a nice nugget I learned today for BP nation!!

Zero coupons are 1031 compatible products that do not pay monthly income but are assumption of debt for a value add project that let's the 1031 investor park debt in exchange for a payout later rather than mail box money today. 

If not things can get messy, FAST!

Depending on what your market cap rate is , lets say 8.5% ( some parks trade at this today, some higher , some lower) gives the park a market value of $1,867,764.  

However, today i get a phone call from my other guy next door and he informs me that the new guy had been arrested for stealing from Lowes.