REINusa.com (Buyers - Sellers)This site has been very good to my company, we have put together quite a few deals from properties we have promoted on their site.

All are operating quite well.

Anyway, I look forward to talking to getting to know the community, so feel free to contact me as I will most likely be posting quite a few questions.

I'd like to go via mls, but the commission will just eat away profit.

A farming re-habber....that's quite a mix.

The market IS down, and there are properties that can cashflow quite well & are in decent neighborhoods.

He's older, and has been through quite a few cycles here.

$250K is not only the gross (we killed a gross receipts tax attempt here in IL), but even as net it could be equal to zero or less than zero.After struggling for five, ten, or even fifteen years in business-- perhaps the first several years losing money, and taking on debt and enormous risks, it's not uncommon for a business owner to eek out a $30K, $40K, or $60K a year living for years before one year magically getting a single contract that propels them into Obama's mystical $250K bracket.The average for a decade or two may still come out to a mere $30K - $40K but all of the sudden after years of sacrifice, delayed gratification, and self-deprivation a person would quite literally be penalized by the Obama class warfare.The reason is simple- Obama hasn't even held a legitimate job, let alone run a business.

In your math, you're missing insurance, which can be quite high in some areas.Most loans here are amortizing.

In syracsue since the houses are mostly 80 - 100 years old I find that maintenace costs eat cash flow the fastest so be careful estimating that number.