I ignore whether this situation has been resolved but, in any case, this is more than enough of a reason for me to not buy anything from them in pre-construction.

Ignore the loan when trying to factor in the possible tax implications as paying off a principal balance doesn't do anything tax-wise.

I ignore them when sellers want to include them in closing terms for houses we buy.This may have been tuition in the school of real estate investing.

And the childish notion that prices will plumet is ignorant of fact of sellers CHOICE on what price is worth it to sell at.

If you don’t have any debt on your properties and you feel comfortable taking the risk of self insuring, you are still ignoring the greater risk from liability claims.

Leverage and hopeful potential [email protected] Jason - yes a bit of ignorance and I bought to buy.

But between my broker fee and the lenders fees, it's usually 2-3% of the loan amount.They're ignoring the $7k escrow for taxes and insurance, for example.

I feel compelled to reiterate that my dealings with Flip System in Detroit have been incredibly stressful, leaving me to face significant financial repercussions.It's disheartening that Antoinne has ignored my numerous emails detailing the issues I encountered, yet he reappears on these forums to invite me to boost his credibility in my own properties, presumably to enhance his reputation.

It's also about understanding the market, having folks or a team there that can help you, and making sure it's viable for you personally.If this property checks those boxes, ignore anyone that downplays the returns not being high enough.

A quick analysis tells me that if the following assumptions are true:- You're buying a house for $140K - That generates $1250/month in rent - Assuming you're self-managing with 40% expense/vacancy/capex ratio- And getting a 10 year fully amortized loan at 5% interest If you put 20% down you'll be losing about $450/month.If you put the full $60K down, you're still losing about $100/month.If you were able to pay for the entire thing with cash, you'd only be generating about 6.4% annualized return on your investment.Unless you're in a position to lose money every month, this doesn't sound like a very good deal, and certainly not a good idea to do this with a 10 year loan.Also note that if your calculations indicated that you'd be cash flow positive on this deal, then I'm guessing that you're under-estimating your expenses, under-estimating your vacancy or ignoring capital expenses.