For example purposes, let's assume you are purchasing for $100,000.75% LTV =100,000 * 75% = 75,0004points = .04 * 75,000 = 3,00015% interest = 75,000 * .15 = 11,250monthly payment = 11,250/12 = 937.50This assumes the lender treats value as purchase amount and the house would at least appraise for purchase amount.

I believe just to treat everyone how you would want to be treated.

All these sites usualy will take 10 or 20 comps add them up and then divide and give a guesstimate, it si very easy to fool this system, some investors will hide the price, others will pay more on transfer tax fees (if it was in the MLS it whas supposed to have been reported by listing agent and sometimes that is wrong) ther are counties that allow for double tax stamps if you say you simply whant to pay it, county will charge more and no one cares and in N.Y. there are a lot of CO OPS, this will be treated differntly than FEE SIMPLE.You have asked the write question, now go to the source for answears, it will take a little time but you must know this, remember whos money is at stake.

Do I just have lunch everyday with a different set of attorneys, my treat[tm]?

Except for the single case of a US service member here in Afghanistan who was treated with a new drug and now has the mental capacity of a two year old.

It's very true the old saw about a flipper... an investor who puts blood, sweat, toil and tears into a property and upon sale often discovers that he has paid himself less than minimum wage (In some cases, waaayyy less than minimum wage)This is why it can be hard to find deals... if you treat your business as a business and not as a hobby or side job (For me, it isn't.

Find yourself someone else to work with who knows the proper way to treat things.

Treat it like a giant ATM machine.

It is a business, you need to treat it like one.

Sounds like they actually built this property back in the 80s and it has treated them very well.Some details:$4,000 a month in Gross Rents - Tenants pay electric, LL pays Gas.Taxes and Insurance in my area are low, property appears very well kept, 50% rule is conservative.They are willing to Owner Finance, he mentioned 20% down and 6% for 20 years.