I guess certain markets support different methods but why dont you all go find MOTIVATED sellers and buy 25 or more out of 100 homes that you look at.You should always strive to work smarter, not harder.

That would be the new loan amount at $42,000, and reduce the cash out to $15,700.If the rent supports the loan amount, and the $26,300 includes both purchase and rehab, this may well be a good deal.

But oh well, I appreciate the support.

Welcome Trashman nice to hear you have a very supportive wife by your side.

Sometimes you make $1 an hour and sometimes $10,000 an hour - that is fine as long as the deal can support it.

Looks like the judge has arrived :kewl:Thanks I really need any support I can get from all over.

He gave me a lot of caveats but overall he was completely supportive of my endeavors.

It seems that the typical response to all of my questions for the Mac support line have been "you can't do that on a Mac".

The market in his area certainly didn't support their asking price.

I have no data to back up my opinion), I'll bet you would find that many who have made their fortunes in RE made it from appreciation, not cash flow.I'd love to hear thoughts on this and hopefully I qualified my comments enough to indicate that I don't believe on betting strictly on appreciation, especially if you can't support the property that you are buying with your reserves.