The combination of the two is what makes a good rehabber!

Interesting article.Personally, I'd steer clear of any sort of funding - there are enough places in Europe (for the gamblers) or Asia (for the growth-oriented) to be able to avoid any sort of debt.

I agree that the value doesn't appear to be there when silver was at $7 just 10 years ago, but it's also difficult to ignore the spending by the administration and the answer to the American and European debt appears to be print more or raise revenue, instead of cutting spending.

BiggerCount than the next 4 combined.

To get a cap rate, you must know expenses, and that is not just taxes, insurance, and debt service!

If you have a debt service plan and a wishful exit plan, you don't have a deal....you have a dream.

Ceteris paribus increased rates mean decreased values because the debt service will rise and fewer buyers will qualify to bid on product.

(cont'd)...until the combined LTV drops below 75% (currently at or slightly above 100%).

Get a low enough offer accepted by a seller that after expenses and debt servicing some cash remains and then close with said seller.

J Scott, If the banks raised money by issuing debt (deposits) in the private sector they would have had to pay (say) 8% interest to attract the deposits.