Economic vacancy refers to discounts and incentives you give to tenants.

I would also go after a discount for your troubles, just my opinion.Good luck, and I hope that helps ya!

If there were any charges, like discount points or origination fees, then the APR would be higher than the rate.$2217.11 is simply 12 times the payment ($2394.48) divided by 1.08.

Yes there is risk there but if you buy at a big enough discount that risk is minimized.

If LV is down 60% (eventually) across the board, and you buy for 70-80% discount from the peak and then rent for 25% off the rental peak?

If this is your FSBO/discount MLS property and you're the seller, and there is a buyer's agent involved, tell them to take care of it!

Are there any buy-back provisions or restrictions (to prevent subsequent sales at a discounted price)?

With enough buyers coming in, it allows the developer to save significantly on marketing costs as well as not needing to bring a JV partner in with cash.With the right deals structured, the developer shares those savings by granting significant discounts for the purchases.Thre are of course many more factors that come into play.

i am NOT exspecting the tucson market to shoot up again. i only exspect it to stabilize (i.e. reasonable days on market with a reasonable asking cost= sale when we need it to in the next 2ish years) i've been looking in the east, central and some south and have looked at well over 60 homes in the last week. mostly with kids in tow. so far the 3-4 homes that we've seriously considered have been a lennar home (brand new on valencia/alvernon), 2 on swan/22nd area and one in the irvington/kold area. we submitted an offer yesterday on a valentine st. prop but it was counteroffered and the offer we put in was our max. price so that one wasn't doable. we are submitting another offer tomorrow on a 27th st. home thats fairly nice and hopeing to get it for $146k w/all fees paid, no money down. unfortuneatly the military takes care of us but its a really hard challenge to get ahead on one income and no way to (realisticly) earn extra income. which is why everyone should support military discounts!!

(not that anyone else didn't but as you said every market is different). of course being new to investing doesn't give me the edge and homes here of course are much higher than i am used to seeing...but i come from southern missouri where the houses are CHEAP and the brand new house we are buying at a "discount" of $150k would only be worth $100k max in MO so its hard for me to compare. the guy in "UGly houses": hes SELLING the house without doing anything with it?