This seems to make me worry less about credibility because we all play an important role in this market.

If your 4'9” and have never played basketball then don't make you goal to join the NBA.

If that strategy or hold period had him selling at the end of some other ideal time period, like 2 or 4 years, the Lessee/Buyer can flex with that.

My college degree was in physics and chemistry, but i did have a minor in economics, I understand the value of a dollar, and I can do my own taxes, lol.I enjoy playing poker in my spare time, and was semipro for a little while (semipro = didn't get rich) and still belong to a private group of many close friends and high stakes players.

I suggest you play with the property analysis tool on this website.

I don't suggest anyone play "chicken" with the IRS.Most investors I know that have bought with an IRS lien against it, have gone ahead with the rehab and sold after the 120 days had passed (hoping they wouldn't sieze it).FYI...

His idea about playing audiobooks at high speed is a great suggestion, especially for those taped seminar real estate courses that tend to be a little slow!

Personally, when I deal with REOs, I don't put in ANY contingencies.

With that said though… many times I offer multiple offers… There is almost always a way to make it a deal if they will play along… So I say simple things like… “Let me think it over and see if it will work for me”… or “let me think it over” then when I have to say no… it is as simple as “I don’t think it will work for me” or “it is not quite what I am looking for”… My “No’s” are very generic… I don’t give a bunch of reasons or explanation of how I made my decision… Also, I must say… My marketing style that gets people to call me is not “Im here to help” it is “I buy houses”!

However, to be frank and honest with you, I'm not exactly sure why the IRRs tend to peak in years 8-10, I just know that they do, and I trust that all money factors have been taken into account in getting those figures.Each case is different, obviously, and are based on projections and not the actual real world numbers, but it gives you an idea going in of what your ideal exit time would be to maximize your return.MIRR addresses the concerns you have about false positives -- it is "Modified" IRR that takes into account the fact that the money kicked out by an investment won't necessarily earn the same return as the money that's still tied up in the investment.