If it produces a 12% return at a certain price and you're buying for cash flow, isn't it worth that price?

Hi Silvestre Madrid ,That's not a bad idea if you're looking for a place to live AND you want to build up the equity in that property while you're living in it.However, I wouldn't go as far as calling it a true "investment" because an investment provides you cash-flow, and your principal residence doesn't generate cash flow each month, or provide your with a return on your capital (until you sell it and realize a capital gain).In some markets it actually makes ore sense to rent your residence, and take your investment capital into a market where real estate makes sense and produces cash-flow and a healthy rate of return for you.You obviously need to consider your personal situation, living expenses, investment capital, etc.

Followup, is it true that we don't want to hold a mortgage note near its maturity because the deductible portion of the payments will be too small and we are better off cash-out refinancing to an equivalent payment size as long as we can produce income on that cash-out equal to the interest rate of the note?

A lot to consider when valuing a MHP, but don't pay for potential, you pay for what it is currently producing.

This article below got me wondering if rental income producing properties are a less viable option for us.I appreciate your thoughts.http://seattlerealestateinvesting.com/why-you-shouldnt-buy-seattle-real-estate#

Investors from high-priced markets like California, New York and New Jersey (to name a few) call me often looking for better investment options.In general terms, you could easily purchase two turn key properties (for cash) in solid markets that will produce $400 to $600 per door (depending on the market).

Where are the top producers?

I'm a "top producer" in my current industry (according to IRS reportings only 2% of businesses in my sector report income at my level - I'm in a very difficult industry).

If this is an income producing property, comps don't really matter (and tax assessed value certainly doesn't either).

Not a community garden, but the result of one person getting HOA permission to create one 16 years ago.I've taken over the garden and find that the HOA president is of the opinion that any produce from the garden belongs to the community, not the gardeners, and that residents can just go pick what they want.This is absurd, for if I sat in a clubhouse (part of the commons) and weaved a basket, wouldn't the basket belong to me, not the community?