[I know it's only a 2/1, this is one of the only areas of town I'd consider such a home]Zillow's Zestimate is just over $300k, and tax-assessed value is estimated at $251k for this year.

It's got a lot of humor in it, much of it self-directed, which makes it enjoyable to read.all cash

You may want to consider setting up a self directed IRA and purchasing your investment properties through an LLC.

I am living with a roommate and assume we pay equal rent.Lately i've been reading some other threads and started doing the math using some of MikeOH's calculations and realized i might be losing money, especially now that my assessments went up and they levied another 3 years of special assessments.basically gross rents are about 18,000 (1500 per month)expenses: 9,000NOI: 9,000Debt Service: 9600 (800 per month)So if I used these calculations just to analyze the deal, I should have known right away I was going to negative cashflow.

Make no bones about it, this is being watched by other legislators (maybe from your state) and with the cumulative issues that exist in the real estate market/industry today (not to mention all the bashing in the media and growing public disdain), this could just take on a life of its own and spread like wild fire (to other state platforms)...Some of you might be reading this and say, "Scott's a lender and this is a self serving crusade from a self-important blowhard who sits at a table for one

I've seen an ad in the paper where the investor was looking for people with I think a self directed ira to put up funds into houses.

:welcome:It helps if you update your profile so people know where you are from and how to get in touch.Tell us more about your self and your partner.

I don't wanna be locked into using one company for the rest of my life.I have never had that limit placed on my non self directing IRA.

In fact, I used to believe the same my self and I would be more than happy to show documentation of such investments.

Step across the street and critically assess the curb appeal.