So, we certainly feel comfortable w/this approach w/safe leverage > 1.3 DSCR - Debt Service Coverage Ratio; 1.0 is B/E; 1.2 is min for bank loan; higher the better). . 

Here's an example of how the math usually works when I look at it...http://www.loopnet.com/Listing/3121-3205-Orange-Ce...Purchase price = $2,480,000NOI before debt service (derived from 7.6% cap rate) = $188,480If 80% of purchase is financed over 30 years at 5%, that is $127,807.68 in annual mortgage payments.This leaves $60,672.32 in profit every year, until Year 31 when the mortgage is paid off.This is a down payment of $496,000 that you wouldn't see back until over 8 years.

Once you have an address of a property that appears to be in distress, you can go to the county assessor to find the owner (even online in some counties) for free (if you don't value your time), or you can use a paid service that will give you all the details right on your phone while you are standing out front, owner or non-owner occupied, value, comps, equity, vacant, even their phone number.

The seller refuses to allow an inspection because he insists it’s a waste of time and money and the home inspector is not qualified to determine the serviceability or life of the mechanicals.

However, if you love or even like travel, the points cards are a no-brainer: Free travel, food, lounges, booze, concierge service, companion passes, car / trip insurance, etc. 

Hi Everyone,For a long time I've been thinking about switching my banking business (personal and business checking/savings, etc.) to a local bank to help support the local community instead of filling the pockets of these large banks.Does anyone here have experience with any of the local community bank or credit union that provides good service? 

OK, I have a few actually. 1) Do you happen to know of a reliable contact at PWB that can assist us with gaining approval to remove a water service line?

Hello, I'm planning on wholesaling properties in Orange County and am currently seeking services of a Real Estate Attorney on the following matters:- Letter of Intent and Purchase Agreement contracts- Legal advice on do's and don'ts of wholesaling in Orange CountyIf you're an attorney, or know somebody, please feel free to reach out.Thanks-Harsh 

I have worked my life to get into a community service position and am far less satisfied with the limited help I can provide in my full time dream job than I ever thought when I was a kid dreaming of it.

However that and funeral services are the biggest money sink the average American has.