That is the most we pay for a property.For example:Retail Value = $300,000Auction Value = $200,000 (300k/1.5)There is a lot of math that goes into the 1.5 rule - like carry, taxes, commissions, assumed profit margin, assessments, and years of experience, etc..

Or should business cards just be something you carry with you but not market to heavily with out of context?

Most states require companies to carry Errors and Omissions insurance.

Originally posted by Caroline Carr: I will have to find out what the law is and then go from there I guess I will have to pay for an attorney.

With shopping centers, if they are not up in performing, the carrying costs could kill you.

So, if I do this with both of my properties, I can go to the bank, claiming $X income, and nominal expenses for things like maintenance and management fees (despite the fact that I'm personally carrying the mortgage)?

A lot of them won't touch anything if a seller is going to do a seller carry back.

I carried a Glock 22 for years and still do.

If I went to the Inland Empire, I could spend $80,000 and get $1,000 a month in rent, but I would need to "carry" to collect rent, the house would be 80 years old and covered in graffiti.

Welcome to BP Nation and thanks for the post, it was a great introduction and conversation starter.I too have a very similar business to Jason and have also considered owner carried notes, the problem (as he stated) is selling that note to cash out requires selling at a discount and that discount would typically erase the spread I generated at acquisition and rehab.Hopefully, you can shed some light on how you did this correctly and profitably.I have heard that same definition of financial freedom, however, to be truely "passive" you must be able to have that monthly check come in no matter if you are sleeping, crusing the oceans, vacationing or whatever.