If 60-100 millionaires get royally pissed off within the next couple years - expect a magic green party style candidate to re-arise.

Let's say I were to find a deal where I would be taking over the seller's payments and that all of the expected costs to get the deal together and lease optioned out to a tenant buyer came to $10,000.

BP Vets,Is a thirty day window too optimistic an expectation to close my first deal?

If the debt service is already 1/2 of the gross income, you can expect the OE is also 50% of the gross and therefore offers no cash flow.

If tenants pay utilities, you can expect a 50% OE average year over year on a well managed property that is stabalized (90% occupancy or better)With those assumptions:Current gross: $142,800OE: $ 71,400NOI: $71,400Debt Service: $40,248 5.99%/30 year fixedNet pre-tax cash flow=$31,152 (This does not include any monies you pay in addition to assumed mortgage.)With these assumptions, you get over $150 per door cash flow which is excellent.I would be interested in this deal assuming the assumptions I made are accurate and teh information provided to date is accurate.If owner pays utilities, you need to account for that.Are there any upside potentials?

Just wondering.It's not fair to the seller to tie him up for a month if you have no expectation of actually closing on it other than hoping you can flip a contract.

I expect I will do the FSBO, and Jim, thanks for your suggestion of owner financing at 7% interest.

After spending trillions of dollars Obama says we shouldn’t expect much.From the article:“Obama on Thursday asked Americans to back his far-reaching economic and health policies, but warned them not to expect too much from him or the federal government.â€Works for me, I don’t expect much from either of them.Article: http://news.yahoo.com/s/ap/20090319/ap_on_go_pr_wh/obamaSo we should back all of this spending without expecting anything.

I expect everything to fall into place though.

Sellers expect purchase and sale agreements and are easily put off with things that don't make sense to them.