Houma is a rapidly growing city, and is in Terrebonne/Lafourche Parish (county) which have remained some of the best economically stable parishes in Louisiana.

I would spend the money to have an engineer do a complete inspection and have them include the expected remaining life of all the major systems, roof, HVAC, etc. in their report.Another area to look closely at is the commercial leases.

I am following the formula below and am kind of stuck on #2.1.Find distressed properties2.Research and identify those with real potential vs no real potential at this time.3.Mail property owners with specific lettersEssentially, I am not exactly sure what I need to be researching in order to qualify these properties to remain on my Driving for Dollars mailing list and actually receive a letter.

If one were paying all cash, they would have an 8% return plus tax benefits with some inflation protection via rent increases, but at the end of 20 years they would not get the principal back, so it's not truly an 8% return.

I have been out of the Real estate arena for about a year and looking to get back into the game.Through my business network, a seller emailed me asking if I know of someone who may be interested in buying 17 remaining lots he has in a subdivision.He provided the average selling price of the lots, location, name of the subdivision, etc.What would be the best approach to handle this?

If you repair the existing ones then they would still remain the landlord's property.

Now that said, those properties are selling for slightly less than they did 20 years ago and rent growth is south of the inflation rate, the population of the county they are located in has declined about 3% over the last 20 years.

How will inflation come to affect interest rates and vice versa.Local/Regional Banks - CRE loans under 2MM Typically fixed for 3 or 5 years.

I am following the formula below and am kind of stuck on #2.1.Find distressed properties2.Research and identify those with real potential vs no real potential at this time.3.Mail property owners with specific lettersEssentially, I am not exactly sure what I need to be researching in order to qualify these properties to remain on my Driving for Dollars mailing list and actually receive a letter.

.*3years + $551*12mo*25years = $188,844 total payments Currently $107,500 balance remains.