The APOD - Annual Property Operating Data will show all the income and expenses for the property month by month.

So, I look back to 1999 or 2000 and try to find some data point.

Some great data points in there.1.1 million loans out of 8.37 million ARMS will be in foreclosure in the next 6-7 years.

Any advice or links to data about this would be much appreciated!

You would be surprised about the entry level in NYC (the 5 boroughs), it always seems that people think you have to be a millioaire to invest in the NY market.

Remember that a prospective calculation is only as good as the data you use and even if the data is great it is still only a guess.

This is a concerning entry for me, if one of my brokers ever did this, they would be fired in an instant.

Getting a bank to go there isn't easy for those new in the business as Chris mentioned.Creative financing is the use of assets and in some cases your abilities and experience in facilitating an acceptable financing arrangement in a transaction.Several ways to lower your entry expenses, seller financing, assumptions, obtaining rights to profit from a contractual interest, cross-collateralization, trading properties, sweat equity from construction or management contracts, acquiring liens, partnerships.....commercial opens other avenues and the list goes on.Great point John!

It is good to hear from people who took the plunge.I'm in basically an entry level position, so it's not like I'd be losing some sort of management role.

Of course all that is just data for historical sales.