Infinite opportunities.Traditionally, Chicago real estate ppl have started out by buying and renting the venerable 3 flat because it is an accessible product and has easy entry point because it can be owner occupied.

A MH has to be worth in excess of moving costs to make it worth moving, but the bigger point is that this kind of expense would be financially fatal for many MH owners.

I add extra principal with any excess cash-flow.

It's quite cost effective for the minimal install but $30 a month seems excessive.

Property is a 2 flat total of 5 beds 2 baths, but has a unfinshed garden apartment below grade. after rehab rental income would be $2200 if garden unit is converted. total debt service is $900. annual rent of $26,400 -debt service $10,800=$15,600.

Property is a 2 flat total of 5 beds 2 baths, but has a unfinshed garden apartment below grade. after rehab rental income would be $2200 if garden unit is converted. total debt service is $900. annual rent of $26,400 -debt service $10,800=$15,600.

I have never pulled out of a committed closing unless I discovered negative information unknown to me at the time of the committment (usually purposefully withheld by the borrower) and have had borrowers close in excess of 90% of the transactions on which they accepted our terms sheet.All of my lending is on commercial properties; perhaps the financing of houses is a different ballgame and different approach is needed.

I frequently stop them mid sentence and simply ask them to write down a specific goal because without a goal we can’t really get started because I don’t know where they want to go.Here is my answer2010 will be the year I buy 10 additional cash flow properties with cash on cash return in excess of 20%.

I am (like everyone else) looking for REOs and short-sales (with completed BPOs) that can be bought at respectable discounts.Only interested in properties 1995-and newer (will consider packages that have a few outliers from this).Let me know if you are looking to buy property down in this warm part of the country (at ground-zero for the real estate excesses and fallout) - or if you have property that you need to move.I deal mostly on the high-end, and prefer investors who are have $1M+ to invest.

As far as I know, we had a bubble caused by excessive private debt and a nice recession when the bubble burst.