By the way, one "investor" I know of posted in a public forum (NOT Bigger Pockets) basically condoning doing damage to the interior of a property right before the BPO during the shortsale process.

Has anyone invested or had experience with IPIN (International Property Investment Network) based in the UK?

we have all seen that the USA economy has affected worldwide stock markets.I have been reading books on economics lately, not just USA but Africa and international. one of the books (incidently that Obama has read) discusses the future economics of our world based on the thesis that the rest of the world will have a higher standard of living in the future, and what this means for America is that rather than being the sole superpower that America will have to learn to get along with other rising economies in the future.the most important point I have come across so far, is that what we need is more entrepreneurs not more welfare, not just in the USA, but in economies in general, including Africa and everywhere else. aid is good for temporary but not permanently.politics have their role in regulating but they are not business entrepreneurs (excepting a rare few). so I thought I would throw this out there, for those who may be thinking 20-30 years down the road, and what will be the next step long after our current situations have been taken care of and our current politicians are no longer in office etc.

thanks for the responsesi don't think i had a goal for current cash flow, and i know i wasn't thinking about what the property would be worth 15-20 years down the road.I was just looking at 1100 dollars a month when it was payed off coming in.i see why you would use the 50% rule, i focused on how long before i'd need a new roof/heatpumps and the interior/exterior building quality (i know interior quality can change in a heartbeat with a bad renter)jim:as to the 163$ a month loss going by the 50% rulei can see how that would play in there, i was looking at payed off income when i bought it, and due to its area and condition i decided it was a good long term investment (having it payed off and keeping it for a minimum of the entire depreciation period).the taxes+insurance are 2568 a yeari am going to scan around and try to find some checklists for investments just to give me an idea of extra things to look atto hit a 2% return i'd have to get a steal on a lot of these properties around here in my price range

Then we had our own internal fight (civil war).

The wholesaler typically gets deals well below what the average home buyer will find that is how they are able to sell property at a discount and in tern make a living.

Has anyone heard of this guy or the company....I am about to enter a deal with them and I am not able to find any info anywhere, yet I am told that RS has been around since 2000 and was involved in a company called Riverboat International.

as soon as I hear a politician or a preacher throwing boulders, I figure their glass house is about to shatter_____________________________________________________Great metaphore Christine.Remember the one from Florida who had a intern toyboy?

They are concerned about a fraudulent flip with an overinflated appraisal due to collusion among the buyer/seller/appraiser.The internal regulator at HUD that makes the determination is actually a HUD appraiser.

They significantly decrease the amount of water used.Third - replace any old internals of toilets in your buildings.