They will receive all responses from the letters sent and then they must decide what the next step will be.

. ($350)One is on social security and is disabled – other pays rent cashiers check ($275)Unit mix 2 x 2 bd/ 1 bth Here are the numbers:Price $26,000 (they will only accept cash) I can come up with about 10k in cash but would have to take a personal loan to cover the restGross Rent: $7,500 (100% occupancy consistently)Expenses –A) $1975 (owners claims with property mgt included)OR –B) $3000 (if I assume a 40% of rents =expenses) NOI:$5,525 (if use A expenses)OR$4.500 (if use B expenses)Even if I was to 100% LTV at a $26K price at approx 7.5% Annual Debt Service would be: $2340So Annual positive Cash Flow would be: $3185 (if expenses A – owner claims) (or $265 a month)OR $2160 (if expenses B – using 40% of gross rents) (or $180 a month)Repairs known (before property inspection) needs new exterior and interior paint (additional $1,500), Roof is approximately 10 years old The money seems small but consistentDuplex Located in Buffalo, New York There have been a lot of foreclosures in that area – some I can tell were investorsOn the plus side, these tenants don’t seem like they are going any where soon.

Our contract also mentions that we were to be receiving shares in his corporation.Update: We found out and are alleging that Humberto B.

- What level of support to I receive?

Most Sales are conducted on the 4th Monday in August of each year for each County that schedules its' Annual Tax Sale.

The buyer receives an interest in the property—called equitable title—but does not own it.

Recently I have been receiving a lot of deals for REOs in my market passed on by Investors involved in "Daisy Chains", as some folks call them.

When you receive that list then start making offers to every single property for every single list you have from every single bank.

They used savings, HELOCs and everything they could get their hands on and ended up putting ten times their annual income into these properties.

Once you subtract all the deductions from the rent received, you're left with a negative number.