Thanks, that sounds like a pretty comprehensive list to go by, even though the different carriers have different rules.

Hi, I am an advocate for higher education, but today with the costs of college, some need to assess closely the benefits of that investment.

It is currently 50% occupied as the bank has slowly been vacating the property while in REO - at the aforementioned rent levels I think the property wouold be relatively easy to fill based on competition in the area..Realtor offers the following proforma:Proforma Year 2010Scheduled Gross Income$444,000Effective Gross Income$430,740Operating Expenses$255,814Net Operating Income$136,479I know proforma's are relatively worthless and I have not taken any proforma material into my consideration, the rents listed above are based on my own personal market assessment and are conservative - pro forma rents are $475, $575, and $675 respectively.

Then look at that transactions and you'll find the deed of trust or mortgage, and look at past assessments, from that you can usually tell about what a property sold for.....but then, it doesn't matter unless you're writing a book about the property.

/mth =477.00Taxes & Assessment Reserves 4 mths @$208.33/mth =833.32I am lost so much money for a 69,000 loan is hard to understand for a first timer.Thanks

HR 4, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 was signed into law by the President on April 14, 2011.

The property was assessed at 391k, I pay 165k before back taxes and it needs work for another 120K and from what i heard the taxes exceed another 90-100k so really there is no way that deal will work.

I still use it and many other methods (references, word of mouth, Chamber of Commerce, etc) as a tool to assess potential business.

So "the something else in mind" is probably an accurate assessment.

I'm looking for ideas or investing avenues ss flippers are moving into. our business is set up to service short sale negotiations but we'd like to get back into investing our money and not our time sitting on the phone with the banks.Just looking for ideas from any of you who have seen this trend or disagree with my assessment.