Until we re-level the playing field and create a set of ground-rules that will allow the players in this market true differentiation the consumer in this market true choice, I don't think healthcare will ever work in favor of the consumer.

If the bank wants a number that I know "someone" will pay, I wait for that offer to come along and "substitute" the other buyers contract for mine to help the homeowner avoid the foreclosure.Keep in mind I do not make offers on properties in the MLS (too hard to get control of the property and take over negotiations.) and I am working a large volume so I do not need every deal to work out in my favor.

Again I say do youserlf a huge favor and buy both of Lonnie Scruggs books.

Thanks for posting, Deano.Next HUD I win a bid on I'll try installing a couple of those motion-sensor alarms inside.

The scenario: My husband and I are first time home buyers, so we are looking to take advantage of the $8000 tax credit and buy income property at the same time.The issue: We favor this particular property the most because of the location, condition, price and a motivated seller.

Barnum sales pitch from the front of the room as described above.I have all but quit the local "networking" and "REI club" scene in favor of a select few, very high quality networking opportunities.

Studies done by behavioral economists show that people get more lasting satisfaction from experiences than from material possessions.In addition to the reason given above above, I would like home prices to go down for one more reason: I think our society has created a "moral-hazard" favoring bubbles.

It certainly would favor banks and wipe out independent mortgage "shops".

I just don't have the capital at the moment..I also posted in the "looking for funding" forum on this deal as it is now... but the deal can and will probably change more in my favor..

If you pay something between current and future values, you still have good upside potential.And with your limited experience and perhaps limited resources, your friend's willingness to give you seller-financing at favorable terms might be exactly the opportunity you need to get started in RE.Having said all this, I must say that I did not actually calculate with your numbers for NOI, cap rate, etc.