If you relied on comparable recent Sales, this could be a major mistake for many, many reasons.-- Have you personally and thoroughly inspected each property and then made a detailed list of all the repairs and improvements you feel is necessary.-- Have you put numbers to the costs, delays, and holding costs?

I know evicting specific peoples isn't allowed and addresses have to legally be split up (compared with just writing 1/2 etc on the mailboxes). so I am curious is it a possibility and if so/not what are the general steps/guidelines to do so.

Hey Rudy Brown,As long as it's in line with the comps, and I mean you are comparing apples to apples, I don't see why you wouldn't want to pursue further.

If your margins are tight and your market changes or if your development is too unique for you neighborhood that there are no comparables, you could stand to get into trouble.Goo luck.

I liked "Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealth" by Matthew MartinezThere was another but I cant remember what it was, if I remember to look for it I'll pass it along.I know there are other posts that ask the same question you may want to do a search for them...And welcome to BP

•Expected rent is around INR. 12000 to 13000 month.Second property•Located in an area which is also developing but not as fast as compare to 1st.

It is certainly nice to be able to negotiate flexible terms but it seems to me your purchase price plus repairs compared to the ARV is a little tight so I'm not sure the numbers work as a flip.

The two of these sort of deals I'm in had a significant amount of paperwork, comparable to closing on a house, when the money actually changed hands.

All lenders tell them the same thing, that they need to have a reliable source of income to prove they can repay the balance of the mortgage if things go sour.

A 75/25 split... if profits are 40,000 you get 30,000 your partner gets 10,000.Compare to 20% of 40,000 = 8,000, leaving a balance of 32,000 to split 50/50 or 16,000 for your partner and 16,000+8,000=24,000.. which would you rather have. 24 or 30?