There are alot of private lender hedgefunds bear sterns etc that have invested over the last 13 years or so in sub prime and thet dont plan on loseing as far as the banks bailing people out i just dont beleve it thats a smoke screen to make the look sincere what they do is take there down payment and home and get the next guy in and take theres to if they dont man up and pay for it its not something for nothing in this but anymore you almost have to have a degree in economics to understand it confusion is there trick of the trade every business has them theres no crystal ball that says you will have your business/job/same income for the next 30years there finacials change and credit only the strong servive there is psychology within life/money please dont get me wrong a mortgage can work for you if you understand the loan witch is 2 inches thick and only a 3 day recision period but statistics say that you will refi every 5- 10 years need a new car college tuition new born etc and many many other things happen funeral and you need to consolidate and back to 30 years again they have all or most of the angles figured out or at least the important ones what you like is your fault .

That 40% figure you saw probably did not account for vacancies or capital expenses, which is why it's 10% lower than the 50% figure I use.

I can guarantee you that in my field of engineering, where salaries for anyone with any significant experience out here is commonly in the 6-figure range, that there is a difference between here and Ohio.

So we have to figure out how to pay down our car loan without using the cash we have saved for a down payment and hopefully keeping as much money as we can in our meager retirement account.

In commercial RE, you typically use annual figures when running the numbers.

I figured, trying to find and close a good deal on my first home is a way to learn, and then continue on from there.

Thing to figure out is how much they are now worth in this market versus our contract price.

Is there a schedule to figure interest daily,monthly, etc do you amortize over 10 yrs or 30 yrs?

He says,"It's too late I filed last month, I just figured I'd let you know."

Depending on the size of the island you might be able to make a septic system work, but then you have to figure out how to get it pumped (as you can probably guess will be costly).