All with 55-70% LTV with little or no work needed, range from $500,000 - $3MM.Please call me [number removed - please read forum rules] if you are serious about procuring the properties you mentioned and can close fast and on time.

On similar lines, to post in our dealmaking section, you also need a minimum number of posts.This ensures that our users are at least somewhat familiar with you, and it also ensures that you contribute to the community before making any "personal gains" from the site.I hope you can understand our policies (clearly stated in our forum rules) and ask that you abide by them in the future.Thank you.

Having done this twice already and getting ready to do it again... the SEC has some very specific rules about these kinds of things.Most of the rules captured under a generic term called 'Blue Sky Laws" deal with how you approach different levels of investors...

Here are the numbers for this as a rental.Gross income $550Operating Expenses $275NOI $275Mortgage ($39,000, 6.5%, 30 yr) $290Monthly LOSS $15Generally, as a rule of thunb, you should get about 2% of your investment in the property (purchase price + rehab, etc) per month in rent.

It's not exactly the most pleasant, honest thing to do, but the way I justify it is that these people are TRYING to screw me so I'll fight back with whatever leverage I can.

As a general rule, I do not pursue any property that I do not believe I can get 75% of market value on.

You have numerous RULES to live by, that your tenants may refuse to live by, (so write in the contract that they have to or can be immediately evicted)You have to keep all dues paid up, or you will be fined, and quickly could lose the place to liens and foreclosure.Minna's right, s SFD is a lot of work, but if the place is in good condition, and you have the insurances, it's not a big deal, probably.

Been there, done it, going through a crazy ugly eviction for a property I lived in, loved, renovated myself, rented out -never cash flowed, but I justified would be worth keeping.

I would go to the tax records and find out who the owner was and contact them directly, there are no rules that prohibit you from contacting the owner.

These rules went into effect in 2004 I believe.