Ah, my math is wrong - 16% Cash-on-cash return.This was a tricky math problem!

Jared,You will have to provide more information to get reasonable assessment:With respect to the 1st deal; - What Rent to you realistically expect (everything should be verifiable) - What are the expenses (full breakdown) - How do you know that it will apprise for so nearly 20% higher then you are paying - Why are you so confident that the bank accept the higher appraisal price vs. the purchase priceWith respect to the 6 unit building: - What terms (rate, amortization, term) has the owner offered you - See some of the questions aboveIt's first about the math and then about your gut.

These contracts often include non-standard negotiated terms and do not trade in a secondary market.Additional risks of investing in the PLUS Fund include, but are not limited to, failure of the issuers of GICs, BICs, Separate Account GICs, or Synthetic GICs to meet their obligations to the PLUS Fund; failure of ICMA-RC to meet its objectives or obligations, as investment adviser for the PLUS Fund; default or downgrade of the fixed income assets that back Separate Account GICs and Synthetic GICs; failure of the third party fixed income managers of the portfolios underlying the Separate Account GICs and Synthetic GICs to meet their investment objectives or their obligations to the PLUS Fund; loss of value or failure to redeem shares or allow withdrawals on a timely basis by one or more of the commingled investment vehicles in which the PLUS Fund invests, which may include money market mutual funds or other mutual funds.There is no guarantee that the Fund will achieve its investment objective.

If the math works, she can get her price and you could get a great opportunity for seller financing.

So basically if I understand your math correctly, I would be on the hook for taxes based on $39k: ($160k sale price + $199k forgiven debt) minus $320k adjusted basis ($400k purchase price/improvements - $80k depreciation since 2004).

My mortgage company provided funds, 1. as a broker and funding at the table in the secondary market and as a brokerage (not funding in conventional and governments). 2.

What do you think will happen if a secondary market does not develop in the next two or three years... or maybe never?

My math or my undestanding of a concept is off.

Very good Scott, now we know why Math was so important in school!

There certainly is a real estate investing component, but that is secondary.