I'll make 10 or 15K on a house all day long.At the end of the day, I have to know that I made ethical choices on how I ran my business that day.That's just my personal feeling.

Would appreciate an ongoing dialogue.

The problem I ran into is that you can't go under contract on a Homepath property until owner occupants have had 15 days to make their offers on the property.

Originally posted by Steve Babiak:My previous post was hinting that you might be getting an amortization period that differs from the loan duration for the loan that you were describing.Steve,I ran the math, and it was fully amortized over 10 years at 4.9% interest rate @ $385/month.

I ran several scenarios through it using my own income and found it quite helpful.  

(Ubiquitous at this point), I've read several blog posts on here and of course the beginners guide, & how to analyze a real estate deal, I'm almost done reading the richest man in Babylon (great story tough language but good lessons) investing in duplexes triplexes and quads came in the mail today.I plan on going the nwreia general meeting at the double tree in portland on sept 4th. 

yeah we have a rei club i plan on going next me

The on-going repair cost will be the tricky part.

yes rikki 19134 is rowhomes its the kennsington/port richmond neighborhoods of philly. i am originaly from kennsington so i was familiar with the area.also my mentor started in that area so it was a good fit for me.gloria thanks for the advice i plan on going to sit in on the next auction to get a sense of the whole operation

In the hottest areas of Austin, I've seen them go as high as 25%.I ran into a situation like you're describing a few months ago.