Lee County Lee County SFR Sales August 2008: 710 Lee County SFR Sales August 2007: 424 Active listings Lee County 11567 We absorbed 6% of the Inventory 73 Percent Increase Month over Month in Sales Lehigh Acres Lehigh Acres August 2008: 124 Lehigh Acres August 2007: 61 Active Listings Lehigh Acres 2730 We absorbed 5% of the Inventory 103 percent increase Month over Month in Sales Cape Coral Cape Coral August 2008: 378 Cape Coral August 2007: 184 Active listings in Cape Coral 4293 We absorbed 9% of the Inventory 105% Increase Month over Month in Sales Fort Myers Fort Myers August 2008: 113 Fort Myers August 2007: 132 Active listings Fort Myers 2803 We absorbed 4% of the Inventory Final Notes Sales are up Year over Year.

Once there were enough committed investors, they went ahead with finalizing the company formation, collecting the money, and closing on the purchase and the loan.It was something like three months from the time they started talking with investors until the deal actually closed.They had some cash out of pocket in the initial phase, but this was reimbursed out of the company funds once the deal closed.

Before buying, I would perform a full analysis of income and expenses to include real taxes and insurance.I have always learned to apply drive by math first (gross rent multiplier).

Just make sure you have a inspection clause, that states the sale is contingent on property passing final inspection.

It probably won't be needed for a purchase contract, but would be needed for the final closing.

As for detailed analysis, you'll need to do more research in whatever particular area you are interested in.I also liked the "Property Managment for Dummies".

Additional info to my above post that I forgot to add.I'm planning to allow the buyers to claim the tax deductions for the payments they make, taxes, insurance--this will be written up by the attorney....my understanding from title co we present them with our purchase agreement and they send to the atty for the prep of the REC then the final pkg is held by an escrow that collects the payments until the "buy out" of the contract occurs in 2.5 years.Is there a better way to structure this and or what should I be aware of tax wise on this?

I don't know what the final proposal will look like, but it looks like that the final provisions of the bill will have little in the way of direct reward for homeowners who borrowed more than they could afford.

A Broker Price Opinion is essentially the same thing as an appraisal or a realtor's CMA (comparative market analysis).It will just give you an opinion of value for a specific property at a specific time.Banks order Broker Price Opinions for several reasons, to include:-pre foreclosure-pre auction-asset protection

I've been investing in RE for well over a year now, and have had 2 properties that I've been relatively succuessful, a SFD property bought as a REO , repaired cheaply and increased equity by 40% and a 6 unit apartment complex that is now cashflowing and has increased by about 400% in equity.We will be finalizing some credit account the comming week to secure enough money to start buying atleast one property per month to add to our portfolio.Our goal is to buy properties in decent neighborhood at no less than 35% ARV , rehab and then lease-option or other type of seller financing/RTO deal.