That is VERY oversimplified, but you can use it as a super quick calculation to see if the asking price is anywhere near where it needs to be.As an example, a duplex that generates $1300 gross per month in rent should be purchased for less than $130,000 if it is in perfect shape.

Maybe a basement that had 750-1000 ball mason jars from three generations, the 60's, 70's, and 80's.

Really enjoyed all the information generated by your question.thanx

I'd like some input as to what my best strategy would be to inable me to generate short-term cashflow in order to go fulltime and also to build wealth.

(taken from my favorite book)If you will to try and contact someone twice you will excell 65% of the individuals in the industry.

In my years dablying with real estate, I have learned valuable lessons from the actions, or words, done or spoken, by some very broke individuals.

This is because most banks focus on providing private residential financing for individuals of the local community, not large amount loans for real estate or commercial property acquisition.

The home generates a $5,000 loss with the depreciation and vacancy in 2005.- My modified AGI is over $150,000 - so it appears that I can not take this loss whatsoever.- I acknowledge that I can carry this loss forward as an offset to any gain I have in my sale, but I believe my gain isn't subject to tax anyway if I sell it by August 2006 - because my wife and I will have lived in the home for 2 out of the last 5 years at that point.- This situations get exacerbated in my 2006 situation because I am paying the mortgage and taxes without any occupancy and apparently without any tax benefit!

Looked to me like a repeating Power Point presentation sort of thing designed strictly as a lead generator for Realtors.

• Generate excitement and urgency to help you achieve maximum value in a shorter time period