So, if your total cost is $125K and the repaired value is $190, you could probably get 90% of the $125K.

But the right to assign is a fundamental part of contract law pretty much everywhere.The only exception I know of in Canada is that BC made it pretty much totally illegal for real estate agents to assign contracts.

You could also check out the free blogs here at Bigger Pockets to see if that suits your needs since it's totally hosted here for you.or2.

Orchestrating everything and having a plan all come together was the coolest thing.I understand that now is a totally different market and all and I would hate to get burned.

Assuming that I did get it you and I are on the same page.Leverage is a tool and it can be used to enhance one's total returns plus manage the tax impact.John CoreyOriginally posted by "akhanna":Mr.

So first off I would just like to say that I am totally excited about this website, it is awesome!

This would be great.Ok, now because I am really new and am still trying to figure out all this stuff out I am going to throw some numbers up that may not be the way everything works, so please correct me if I am way off base.Example 1: I get the house for 70k and say I can get the loan for the total amount I would have payments at 585 a month for 20 years at 8%Example 2: I by at retail for 100k I get a 20k loan at 8% and I can get the seller to carry the second mortgage of 80k at 4% for 30 years.

Total cash sales nationwide (all generations) are about 22% IIRC.Dump it.all cash

one word - TENANTS.i'd relate being a landlord to a poker player -the pros or good players play like they've already lost - so they've got nothing to lose in their mind. as a landlord, if you're going to start renting real estate - rent it as if it will be totally wrecked.ASSUME THE WORST AND PREPARE FOR IT.don't buy and assume the best.hope for it.

I am not exactly sure on the total costs because I have never purchased anything over a 4 family.