This is my most effective tool un my tool bag.

First of all, thank you for clicking on this thread, there are a million of them out there and I promise not to waste your time.So here is the scenario:Multi-Family property (4 units) - Listed @ $205,000, on market 65 days.Estimated Acquisition: $195,000Realistic rent: $3000/mo ($750/unit)Property Taxes/yr: $5200Insurance/yr: $2400Planned Maintenance/yr: $1200Estimate Vacancy: 5%Down Payment: 25%Management Fee: 8%I have just recently gotten into the concept of REI and I've read all of the forums, blogs, etc. of investors having a hard time trying to find a good deal in the Houston area market, and I found this property quickly, in a public method of discovery with very little effort in about 45 minutes of searching. 

@Trevor ChapmanWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

We've written some more specific articles on our blog about some niche investment areas.

@John LodgeWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Or a cash out refinance both have its pros and cons just search for some blog post about the difference to educate yourself.If there is no equity save as much cash flow from the deal as you can if not all and cash flow recycle.

Lupe is on fire on the blogs, and not one kind word can be found.

@Chuck MarleyWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

He is also a member of Bigger Pockets and has lots of Blogs and info.

So I have them in a ladder like rotation, the first 5 yrs I only have two balloon payments, but I have forecasted that I can afford 3 at year 7 and etc... as you pay off, your surplus grows and you get a snowball effect.