Hi,

Got a call from a lady who recently went through chapter 13 and surrendered her house to the bank a year ago. The bank has now come back to her and asked her to take it back. She has already moved on an...

PS I use Real Data Software to analyze my deals, so I indeed have a breakdown per unit.

Its runs a 1.35 DSCR.This would qualify as a buy for me based on the numbers you gave.Regardless if your paying cash or not you should analyze the property as if it was leveraged.Let me know if I can be of more help.

I was wondering if there is a way to analyze absorbtion for different areas of town or zipcodes through mls??

I say there is no predicting the future, learn what we can to analyze wisely when the time comes.

All of that is added work.So instead of it being vs. liability or vs. premium I'd analyze it vs. headache.Of course, you should make sure you have adequate liability coverage.

I know my Mom has a friend that just signed up for one and in 6 mo hasn't done a single deal and "analyzes" hundreds of "deals" from others in the network that are just junk(fortunately he can see that they're not very good even though he still thinks that this will make him rich someday).

I've looked at and analyzed some of these myself, but I haven't actually jumped.

So here is an interesting newbie deal to analyze.

I don't have any books to recommend, but I will tell you that you should start learning the math, and how to analyze properties by the numbers.Start looking at random properties for sale via the MLS, and try to find what you think would be a good rental in your area.