Hence they rarely fully understand how the loan will impact their credit even if the tenant buyer performs.John Corey

Let's look at your "mid-point" purchase price and call it $193K, 100% loan (I know you did 80%, but let's use 100% to cover your opportunity cost on the 20%) is $1188/mo, P&I.I don't know what ppty tax and insurance run in OH but I've got to believe it's at least 1 1/2% of market combined, so another $3600/year, 300/month, OK.You're up to almost $1500 FIXED COST against an average rent of $1670, which is WAY TOO THIN to make this work.

What the CAP rate is at any one time or any one market varies.There is still plenty of room for prices to vary based on what someone things they are dealing with (are the numbers real) and if they see room for improvement (change or use, upgrades, stabilize the rent roll if there is a high vacancy factor).Note that you rarely get actual expense number.

Hi guys,I tried to look for an answer through the search but could not find one.Here is the scenario.We are family members.We have a total combined equity of 100KWe are looking to buy Apt buildings 20 or more units per Apt complex.2 of the members have excellent credit1 of the members has poor credit but good equity( which we may need to use for down payment).How do I set up a company in order to protect everyone?

I rarely lend my name to anyone/anything, but Lexington Law is an exception to this rule...This is the only service provider that I trust with my clients and they continue to deliver a value worthy of my continued endorsement.

I'm willing to wait.Another factor, I do not show properties while occupied (unless the tenant is breaking their lease, and has authorized me to show), in fact, I rarely will show a unit that is NOT in move-in condition.

Tenants rarely follow recommendations for cleaning, and as a result will use abrasive powders or scratch pads which will reduce the life of the surface.

Theoretically with the combined ground/neutral panel system in the US, you would have the same risk of being shocked through the ground if you lost your neutral at the panel.Funny thing is that it stated that up until 1996 the National Electric Code didn't separate the ground and neutral on many appliances.

Why this is even allowed is beyond me, or why you can rarely get your money back from a frivolous suit is ridiculous...ahhh!

If you are only looking for the interest income the model is a bit simpler.Most TLCs that are worth holding are going to get paid off so rarely will you ever get a property for pennies.The IRS lien is not senior.