It makes more sense to have your own attorney review the draft before signing it. pay a title company to make sure it is a free and clear title.The term of the mortgage is based on your need. you can choose 15-20-30 yrs. if the interest is low pay more to lower the principal to refi quick

I am just gonna work for 5 yrs in Asia and come back to the USA with 60-80k and let the dice roll on rehabbing. .

However, most of that growth is coming through new constructions with several builders putting communities in the area.The Eastpoint neighborhood has been around for ~20 yrs if I had to guess, and there are probably 3-4 brand new communities within 2-3 miles of this property that would go to the same schools.

I lived in Denver for 7 yrs, the thing I miss the most is the sun setting on the mountains!

I've filed only a handful of unlawful detainer's (evictions) in 25 yrs.

Go talk to Andrew Holowetzki at JosephBernard (http://www.josephbernard.net/_) I have been using him for deals and mentor over 3 yrs.

I don't know many others my age who've had a chance like this and 5 / 15 / 30 yrs from now I think I'll be happy I went for it even if it becomes more difficult than expected.

My name is Jacqueline i live in Los Angeles I am a landlord ive been a landlord for about 12 yrs.  

We are now under talks for them to contract next summer to rent the whole thing for a guaranteed 100% occupancy for 3 yrs.

Flip: Cost: 58+20 + Holding Costs of Money (4%) = 81kMoney back to Seller: 175k - (selling costs) 6% = 165kProfits: 87k, CoC % (assume 6 months):103% @ 6moAnnualized return of 330% for 1st year (assuming you sustain similar flips)Annualized return for next 5 years, based on 1 flip = 15.3% returnAnnualized return for next 10 years, based on 1 flip = 7.4%Buy/HoldCost: 58k+10k = 68kRent: 1200/mo * 12mo = 14.4kProfits = 14.4k - 35% of Rent = 9.5k1st year return = 14%Annualized average return for next 5 years (assume modest 3% increase in rent) = 14.8%Annualized average return for next 10 yrs = 16%There you go!