A small correction here.

The key is you must own your properties for Cash, buy them correctly, and do a sensible rehab for it to be successful.

i have been looking at a lot of multi's lately...thats what i focus on-3 and 4 family properties in one city north of boston...been an investor for almost 7 years here, and a few years ago i never thought id have the opportunity to buy another multi for good cash flow...then as we all know the downward spiral started...i started looking again about last year once these properties started to make sense on a cash flow basis...at this time there were zero buyers out there bidding on these types of homes in this particular city...now over a year later every decent multi-family (3 or 4 units) has several offers coming in...and in most cases its over the asking price...im glad i have been buying this year as each day goes by i can feel the bottom coming in this market...it all comes down to cash flow i truely feel we've seen the bottom at least in this city that i call my market...the bottom for almost a year now is $200K for a 3 decker (at least the decent ones that only need minor cleanups)...not expecting a huge pickup...but if my feel that this is the bottom is correct that would be sweet...anyone else seeing this out there?

Correct me if I'm wrong but it would seem an LLC would suit my needs the best.That being said, I dont have any real assets to go after and CAs are relatively low risk.

http://www.thinkinkmarketing.com If I remember correctly, costs $1.25 each for everything, out the door, via first class mai.

That is absolutely correct, which is why it is imperative to not only have proper contracts and disclosures, but to make proper financial choices to use this strategy only when the numbers work.

I am not sure if this is politically correct to say, as it is confusing anymore, but I have seen that when gay couples move into a neighborhood, property values tend to go up.

If the board is shirking on their responsibility, you can probably do something about it.Again, I am not a lawyer and recommend you contact one to explain all of your rights, and what you can legally do to correct this situation you're facing.BTW - I do NOT recommend you simply stop living up to your responsibilities by no longer paying your dues.Good luck!

Jessica, if you bought correctly and have enough equity, you should be able to refi out and into your "new buyer's name" judging from your post, you have had the property for some time so seasoning will not be an issue.As far as PMI, it does not insure the bank from a foreclosure.

In my example, Cyberhomes would not be correct, due to the other values given.