They have a note that they paid full par value for so the principle return is tax free (all of the gain from that was deferred in the 1031) only taxable portion of this note is the interest that comes in.  

This means your year one mortgage payment is $25,332 ($15,827 interest, $9,505 Principle) leaving you with $14,668 in cash flow or a pre tax cash on cash return of 14.6%.

Account Closed - won't comment on the property itself, sight unseen, but since it's a HUD property, submit your bid ultra-low... well below the bid that won previously.  

There are other stories on this sight about young people buying homes as well.  

I've already taken the principles that you discussed in that podcast and applied it into the property management I'm doing now.

Some if his classes qualify as continuing ed. for JDs, CPAs and RE brokers.Having proper coverage is important, of course, as long as it doesn't become the target in the plaintiff's sights making you lawsuit-bait as they salivate over a hefty award or settlement.Insurance is always about, "Prepare for the worst, but expect the best."

.$210k less RE commissions and closing (6%)= 197,400 less rehab 10k= 187,400 less insurance 500 and less property taxes assuming 6 months to resale 800 (total 1300)= 186,100  now less 6 months of payments (assuming 20 yrs at 5% is 1154.92/mo) $6929 of which 2600 is for principle so subtract interest of 4329 and you have total left of 181,771.

Principle and interest payments on 245k @ 4% over 30 years is $1169.67/mo.

@Branden Vandette @Troy Feldman All the posts above are options for your Roth but please note that the principle (contributions) can be taken out after the account has been open for 5 years.

Traditional (capitalization: arrearage placed back into UPB), principle defferal, and principle forgiveness.