Site located right across the street from tourist train depot depositing upward of 50,000 visitors per year.Buidling renovated with new systems about 10 years ago - pretty good condition, etc. 100% leased presentlyRents (6 tenants) - $42840 ann.Expenses - Management - $3500Taxes - $2000Water - $720Insurance - $3500Vacancy $3500 (+/-)Repairs $2500 (tenants responsible for interior maintenance - LL is only shell of building and HVAC systems)No common area utilities - all seperate meteredNOI - $27120 (8.34 CAP) - with zero down.Although it shouldnt matter in the deal eval., seller has agreed to finance $100 K (on a second to close after I do the first mortgage) at 0% interest for 5 years (principal pmts.

Check rents, leases, bank statements, tax returns, utility bills, or anything else you can get your hands on.

The other negative item to flipping is the larger tax implications, unless you utilize a 1031 exchange each time.

Go to the meetings early and stay late, utilizing the most from conversations you have with the seasoned investors.

If you have a croporation as apposed to getting taxed as an indivdual there are slight differences between their tax brackets (indivdual is usually better), but the profit is not in the bracket itself but in the incentives that one can utilize under corporate law.

We would have to put in a road, and all utilities for this property and would want to make an nice entrance...since thia is an upscale neighborhood.

I would like to really utilize this site to network with like minds and learning as much as possible with those that has "Been There And Done That", :D .

If you are holding property with the intent to sell to customers, then you have inventory and that is not depreciable.

Eligible Customers: All persons intending to occupy the property as their principal residence are eligible to apply.

I've been an excellent customer.