I agree with someone earlier, you have to remember who your talking about, Dave Ramsey is really more geared for a 'regular' employed person with no cash flowing business,,,,not someone that is a professional real estate investor that knows how to make money with debt.If I followed Ramsey's model I would own 1 house, all cash,,and cash flow about $800 a month,,,I own 5 properties with debt and cash flow about $2750 a month,,,which do you think is better (and have over 25% equity in each of them)

Apparently the house has been vacant for 3-4 years and the bank simply hasn't taken possession of the home.

We use 5% for our models.

Hello,I'm relatively new in real estate investing and positioning to build a "buy and hold" model.  

In many states possession will be the golden rule for ownership and enforcement.  

(the applicable statutes here are 45.031 and 45.0315).During that 10 day period, the new owner of the property can't do anything with it (no borrowing, no sale, no possession).And of course in a judicial state, the borrower can redeem the property at any time prior to the foreclosure.

,The criteria used for the appreciation forecasting model in my '2013 Housing Market Forecast' include migration trends, employment trends, and housing trends.Some of the data sources include: U.S.

Possession, any interest or title.As I mentioned, you could finance an option price and have it credited toward the purchase. along with a lease.

Labor Cost = $640 ($20 an hour x 4 workers x 8 hours)Dumpster = $400Total Demo Cost = $1040Finish Electrical - $1600, Replacing outlet covers, switch covers, and basic light fixtures are simple DIY projects if you have the time.HVAC Finish - $400, Replacing vent covers is another easy DIY project.Appliances - Look for second hand or floor model stainless steel appliances for sale on Craigslist.

This better fit my business model and lifestyle.