Land and bldgIts listed at 99,000 I could probably get it for 90,000.The average rent in this area is btween 750 and 1000/moThe taxes are 4500 a year.Insurance around 700 a year.I assuming the loan is 7% at 30 years.

So now the city assumes that the person living in the house is the owner.

I'm trying to refinance a commercial building we own so as to allow the tenant to assume the loan with no cash down.

If you assume that marketing - of which locating motivated sellers is a critical part - takes 20%-25% of your time, you can easily see how little time that leaves for the other activities you need to be doing on an on-going basis to reach your goals.By having a bird dog or bird dogs doing these things for you it allows you to better utilize the time resources you have at your disposal.

With a 30 yr term at 7% interest, that allows a maximum purchase price of $135,276 (assuming no repairs or closing costs).Good Luck,Mike

National Bank will purchase approximately $7.55 million of Meridian's assets, and did not pay the FDIC a premium for the right to assume all of the failed bank's deposits.

isn't it safe to assume while putting deals together for buy and hold that rents will decrease from current highs.

., and you're is 1100, don't assume its worth 10% more.

You don't find these guys in the Yellow Pages (generally); instead you find them via references from other investors, at your local REIA meetings, at Home Depot shopping for materials, or you might just stop by a job stop you happen to drive past (assuming it looks like they're doing a good job) and grab the number off the back of the their truck or hand them a card.

Assume it will happen, account for it in your math, and it will be a irritating situation instead of a devastating blow.And yes, when your rental (and lease options are really just rentals) is vacant you still have to make your payments.