Multi-unit Property AvailableNorth Cental Texas, near major universityFinancial Summary Proforma Year: 2009 Scheduled Gross Income: $185,760 Effective Gross Income: $185,760 Operating Expenses: $108,659.84Net Operating Income: $77100.18Tax Rate: 2.39%Unit Mix Information 1 Bedroom/1 Bath No.

Similarly, you plan your REI business activities, so that you can execute those plans effectively.

Someone wearing a badge appearing at their door might have more of an effect than a letter from the HOA.Are the neighbors tenants?

What I was getting at was that even though there are people writing purchase contracts with assignment clauses, there are no doubt those that have no intention of buying the property and are, in effect, actually writing option contracts to purchase the property.

wouldnt i need a good understanding of most topics inorder to use the strategies effectively?

Firsts are generally not effected by 2nds foreclosing, btw.You have tremendous power at the moment, having a lender with no expectation of getting paid, ever.

In a highly pragmatic way, that is one of the very few redeeming qualities I see in him - he made himself rich through effectively using the system.

It is also evident that you left out many of the operating expenses, such as management (even if you do it yourself), utilities (even if only during vacancies), office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.You might want to read one of the 50% Rule sticky threads in the General and Landlording topic areas.Good Luck,Mike

If you decide to replace it make sure you tighten it only snug, you don't want to force it otherwise you could damage the contact that receives the millivolt signal.

i may have a home under contract soon and i'd to know how to effectively get buyers for this property.