On top of that she was not told that everytime she makes that 3% payment that her balance on her mortgage is increasing.

Also however, in that 3 year period you will reduce morg. balance and receive depreciation to increase your return rate.

It will be much more difficult to convince a judge to remove them from the property if they have paid in advance.

Short runs for specific difficult locations (for one outlet) aren't too bad, but using flex for trunks will severely reduce efficiency.

I was wondering if anybody was familiar with how easy or difficult it is to get and maintain renters on the east side of Detroit?

Ned is correct that it is difficult to finance properties in an LLC.

If someone paid $300K for a house, got 100% financing (common a few years ago), they would need to make payments for 17.5 YEARS before the balance was down to $200K.

IncomeRent $750ExpensesPITI $815Misc $300Negative cash flow $365.Since taxes vary locally, it’s hard for me to know how much is going toward the principal balance each month, but I’ll assume your initial loan was for 125K and say:Cost to sell this place now (commissions, closing costs $10,000)10 years of carrying costs: $43,800Principal pay down over 10 years: $20,26820 years of carrying costs: $87,600Principal pay down over 20 years: $57,49630 years of carrying costs: $131,400Principal pay down over 30 years: $125,000It seems like the negative cash flow outweighs the benefit of keeping this place, unless you just want to have an extra piece of real estate for your child, parent or whatever.As an investment, it does not seem to make sense.

It's become a little more difficult to wholesale, but we're still doing a few of them a month.Now is a great time to get a good rental portfolio going.

Other areas are saturated with foreclosures and flipping would be very difficult.