If you are getting outbid by a small amount and the difference matches the change in formula then adjust.I would claim that the formula should be (ARV * 70%) - (repairs and all other costs).

I have 15K still available for additional closing costs in the bank.mortgage broker wants me to do a 40 year mortgage on a loan for 185K.He thinks the interest rate would be 6.75%, claiming that my down payment of just 5% and median fico of 720 and income (800+wk after tax) combined generate 6.75% for a 40 year.

There is no easy way to upload things and I did not expect one.As none of the other services claim to offer true multi-user support I am less prone to be interested.

If you're claiming the money's coming out of your own pocket, but the lender's slipping it to you under the table then I think you're on shaky ground.

I have another lawsuit pending right now, where a Section 8 tenant who is totally disabled claimed that she fell in the water meter.

In a couple of years, it wouldn't be unrealistic for me to be sitting on 75K-100K in appreciation.My question is now that I will finally have 75K-100K to invest, what do I invest it in?

We sign up for the "rever to landlord" so that there's no interruption of service when a tenant leaves and cuts off the utlities claiming that they couldn't vacuum because they forgot and turned off the utilities early.

He claims to earn 16 percent annually over the 5 percent earned from a CD (Keep in mind the book was written in '97).

So, NOI = 95%*85%*60%=48% of gross rent.beekrock, I won't claim to be the expert Mike and R2 are, since I've yet to find a property.

I think it is alot easier to the property to be taken away or claimed and you get left hi and dry because of this interest only.