If utility expense is over 25% of total renevue then you have a problem.

They simply can't help an owner in this scenario.I totally disagree about the lender agreeing to a short sale once it is in the foreclosure process.

After a good look at one of them the mildly became TOTALLY NON-INTERESTED.Since I got the one that I was very interested in I just watched the rest to see where things went.

The first year's payments would be $10,152 including about $9,270 of tax-deductible interest.Suppose the property is rented for $13,800 a year, and the total of operating expenses paid by the owner, such as property tax, insurance, and repairs, is $2,500.

The actual sale may not occur for that particular property for months, but most states you will earn the maximum interest on total taxes owed during that time period.

Now you have the $78,000 from the note buyer, the $5,000 from the down payment, for a total cash amount of $83,000 PLUS you have a $5,000 2nd lien to keep as an investment.

4) You can totally eliminate the process of rehabbing properties.5) How about this…… YOU no longer have to chase tenants down to collect rent.6) You no longer have to pay penalties to lenders for not being in owner occupied properties.7) Expand your investment search throughout all 50 states.8) Last and probably the MOST BENEFICIAL of all of the perks….You can qualify to purchase these properties using your commercial tenant's credit rating, business cash flow and their long-term rental leases!

I am totally with you on the fancy ring tones and all of that CRAP, but I think a cell phone is needed in order to manage properties.

If anyone needs a totally trainable bird dog in Atlanta, please feel free to e-mail me Thanks, Tami

I sold my home last year for a 4.5% total commission. 2.5% to buyers agent and 2% to my agent.