Healthy.

the taxes in the EBITDA equation refer to bottom line state and federal income taxes)Interest = $200Interest Coverage = 550 / 200 = 2.75 (Healthy-ish)EBITDA is a useful metric in real estate because simple cash flow calculations can be obscured by the business owner's choices regarding financing (a house that could be positive cashflow with 20% financing becomes 0 or negative cashflow with shorter term financing).  

Can I request soil samples?

Hi @James Soils!

I think it's a healthy fear, but we need to move beyond this idea that 2007-2008 is going to repeat itself some 10 years later.Could we see a downturn?

I usually ask seller to inquire if there are rental restrictions in place before I make an offer and find out the state of condo financials to make sure they are healthy.

The plan is to eventually have a healthy first world income stream whilst living/working somewhere with third world expenses.

Be successfull as well and healthy! 

Soil condition.

Soil is wet.I have sent rehabber $25K in 2 separate times (4 weeks apart); I told him he already has $25K so he has plenty of money to do more than 50% of the rehab and that I will pay the rest of the $10K plus the $4k 'SUPRISE' after rehab is completed.