Lee,I agree with you that a new niche financing is required for REIs to be an alternative to conventional lending, but beyond the banks attitude there are governing laws that tie their hands.

The huge guys use the same one, but it has a few things specific to their company and their logo on it (printed by the same people)

Sorry but I'm not honored to pay a corrupted government who doesn't pay back who takes and takes and takes without regard to its own people.

But what does that matter, its the government and they can afford it.

Keep in mind that non-government-owned apartments are private property.

That is why it is imperative to be aware of all liens before getting in on the bidding for any tax deed in PA.In the judicial sale, all non-government subordinate liens (except IRS and PA state liens) are wiped out.

., a new major employeer coming in, new government policy) that will force appreciation, or something crazy happens like lenders being willing to give everyone and their cat a 100% loan.The math on multis is similar to what I wrote above.

You need to buy at a much lower price to compensate as fixing all of these issues can run into the tens of thousands of dollars.This is a very basic post and more info can be found on the EPA government website.Hope it helps.

I'm always willing to pay less than it may be worth, and sell for more than it's worth.Assessed Value: (the following is an educated guess) someone's, in government, best guess at value at some point in time, sometimes arms length, sometimes according to a formula, sometimes actually close to the real value, which is usually multiplied by a tax ratio that will allow the municipality to pay their expenses, pensions and equipment.....please note that both assessed value and tax rate can be changed regularly to effect the desired monies to pay for such expenses.

The government of the town of Smallville does not have the money to install a munincipal sewer system to comply with the EPA.