Make sure that rental income is accurate for a 2 bed.....

the last thing i would mention is don't trust a realtor...make him/her show you a few close, very recent (last 3 months preferrably) comps that are similary style, same beds, baths, etc.

Hi, I just bought a 3 bed 1 bath row house in West Philly.

I have relationships with a good handfull of Realtors. they are willing to send me listings to help with my wholesaling business.I am asking them to send me listings in my areas of interest, 3 bed 2 bath 60k-140k and I am getting alot of ' non investor full boat type properties".

The bath with a seperate whirlpool and tub and the round bed.

My wife is on bed-rest the last several weeks of her pregnancy, so I'm doing double duty taking care of our 1-year old.

I have already picked up three...fourth is in escrow...and i told myself i will be good for 2 months....let the dust settle and honestly...i am already clamoring to make an offer for the 5th fourplex....we have rented 10 of the 12 units....the 4th prop will probably close at the end of the month...and then we need one month to get it rent ready....after which i give it couple of months to find tenants...i promised to be good at least until the close of the 4th one before i start looking for one...but i find myself constantly scouting online for good values...in the last 2 months..i have gone thru the prospect of evicting a tenant...until she paid late....been threatened with lawsuit over bed bugs for a property i acquired the prior week...and of course...things stopped working when u close on the deal....not to mention i am on my 3rd property manager in 4 months.i have never ever enjoyed myself as much as i have in the last few months....am i hooked on for good....is this how u...the veterans feel...as u face a prospect of the next purchase or is this the excitement of a newbie????

Good afternoon,I have a seller who has a situation that I have yet to cross.Seller is going through divorce, 6 payments behind, Home is vacant, typical 3 bed 1 bath home in Urban America.1st is with Wells with approx 55k owed2nd is with GMAC with approx 62k owed.FMV is 115kSeller contacted me to purchase property by Short Sale.

Now that I got mom and baby in bed I thought I would catch up on a little business.

Deal completed on December 1st, 2010:Townhome (REO) - 3 bed, 1.5 bath, 2 Car GaragePurchase Price: 38,800, Repairs = 7,000 (This includes a new roof, siding, and a furnace)Total investment = $45,800Rented at $850 a month on a 2 year lease.We financed this conventionally for 30 years @ 4.875Comparable sales in the area for the same townhome range from 65,000 to 85,000.