Not only were rates secured in portfolio loans it also stabilized the rate of blocks of loans securitized by bonds.The Act also accomplished aspects of curing clogging title in the event of foreclosure.

@aaronmontague thanks that would be awesome.Taxes- $800Sewer and Water- TenantTrash- $20 (thats what I pay 2 Blocks away not sure if its the same)Heat/utilties- TenantHOA- NoneCap Ex and Ops- $150 Insurance- Approx. $45Mgmt fee- 10% self managedVacancy- 8%This is the type of help I need thanks again

The hopes was the buyer would fix up the house and stay there because its cheaper than rent and they can pilfer components from the houses right there on their block...default rate is right at 90% within 3 years.

@Aaron Montague I guess we can't call this an investment right this second but my thought process was that it's a good building block, please correct me if I'm wrong @JOAN DICKIE the property will not create cash flow for a few years, when we move out into a single family home in about three years.

Pricing is going to change block by block, property by property.

If you disclose the worst aspects and most expensive repairs and you only get 3 calls out of 100 on your buyers list then 9 times out of 10 you have 3 serious buyers and those are the ones that count.Buyers always have worries and the worries come in the form of evaluating risks so advising of potential rode blocks early on is good for business here are a few of the major details you want to provide.Accurrate repair cost- walk around the property and jot down what needs to be done, windows, trim, paint, doors, kitchen, counters, bathrooms, shower doors, toilets, sheetrock, demolition, roof repairs etc.. just write it down and provide a repair estimate with a list of what needs to be done. a tenured investor can look at the list and instintly tell were you numbers are. if you say new roof needed estimate $2,000 they they will think your off.Structural Damage- is the roof sound, is the foundation settle, cracked, or shifted,WDO- is there termite damage in the property?

There is a local meeting there at 6pm every 3rd Monday of the month in Montgomery. 1020 MONTICELLO COURT – OFF OF EASTERN BYPASS, OPPOSITE DIRECTION FROM SAM’S CLUB, DOWN THREE BLOCKS, TURN LEFT.

The contractor eventually put my phone number on his block list, I never heard from him again and Will Holly didn't help me at all.

Looking to make an offer in the $135,000 range.Based on comps, this neighborhood is 3 blocks from where my family lives in now, so very familiar, will be $1750/month in rent.Plan on having tenant pay all utilities, or I will pay heat/hot water.Probably put about $5000 into it to freshen it up, make it pop.Assuming 4.75% mortgage, insurance, taxes, utilities (trying to avoid all), I think it will cash flow $350/month.It will be easy for me to manage given the location.

I kept reading the forum randomly, and feeling like a chopping block phrase.