You're a little off in the calculationsGross scheduled rents: $1400Expenses: $700 (50% rule)NOI: $700 (rents less expenses)Payment: $330 ($55K, 6%, 30 years)Cash flow: $370Cash invested: $12,000 (ignoring closing costs, which you shoudn't)Annual cash flow: $4443ROI: 37% ($4443 / $12,000)Excellent, assuming you can actually get it rented for those rents and that $67K is a good overall price compared to the neighbors.

We may never see sub-prime mortgages again, but houses are closing esrow, so someone is getting loans.I also think it means that the buyers who waited to see what prices were going to do are tired of waiting and ready to take advantage of lower prices and excellent mortgage rates.I'm thinking that unless the Fed does something very unexpected, that many places have hit the bottom.It's unlikely that we will see the huge price increases, again.

Excel spreadsheet is OK.

This is an excellent example by Heathen and also shows one of the pit falls doing these refi's.

Legally because if you are not a licensed real estate agent, problems could arise somewhere down the road.My first thought is you may have an excellent opportunity to expand your personal investment portfolio.

We got two excellent houses in Austin in May, and the trip there was certainly worthwhile.

I have always excelled when put into positions where I learn through experience by working with anf learning from someone in the same field as me.

Export that to excel and I have a macro that I run that looks for all my keywords, like TLC, FIXER, CASH ONLY, etc.

You may want to check those out here - they are both excellent.

I know that German Shepherds are excellent seeing eye dogs.