I bought some very expensive books that have become a real nice decor piece for our home.

To all of you I just booked a flight, be there Oct 15 and leave the 19th in the morning.

You gotta talk to seller or seller reps.Marketing is the blood line of any business... focus on that... strategies on the "how to do the deal" is easy... trust me...Finding the deal is the hard part.Hope that helps.Jeff Cogawww.TheVindication.comHelp Me Finish My Book

Find out vacant, occupied, who lives there, repairs, etc... basic stuff...Then work backwards... deal structuring is my strongest thing so let me know if you need help.Jeff Coga[LINK REMOVED]Help Me Finish My Book!

The numbers are below.monthly income 8,400 at 100% occupancymonthly expenses 2,200 including taxes, insurance, water and sewer.I have read Mike Rossi's book and like his approach to expenses being 50% of gross rents when analyzing a property.

I can't exactly call a GC up out of the phone book...

There was not a book for me when I started.

Greg it will depend on the portfolio of the bank and how many performing versus non - performing assets on the books.The bank might not want to refi that type of product with too much of that type of asset class non-performing on the books already.They might have too much defaulted commercial all together.For value add plays typically occupancy is an issue.The lenders will want certain occupancy levels obtained for at least 3 months depending on loan type and typically stabilized for 6 months to a year or longer.If you buy an apartment building at say 50% occupancy using a hard money lender or private money and the going vacancy rate is an average of 10% then the lender wants 90% occupancy averaged out over time.When you refi you will only be able to go up to a certain percentage to cash out or can just convert with no cash out to the lower interest rate.Regular banks do not lend usually on sub par occupancy levels for the area.They see it as too risky and the say 60% occupancy can quickly go to 30 or 40% and they have a foreclosure or short sale on their hands taking a loss,plus inspection reports,attorney fees,appraisal and environmental review etc.

Most of the CU's in Utah will sell their loans off as they are too small to hold the loans on their books.

Persuasive authority may persuade a judge to rule the same way - but it does not require a judge to rule the same way.And the discussion continues and gets more complicated as we go on.SO - I recommend if you ever have questions about what you can or cannot do - you look for any kind of landlord tenant reference book published by a reputable publisher that is addressed specifically for PA and is a current publication; OR, consult a local attorney knowledgable in these matters....