I'm just looking to get the initial contact so I can call and put in work to get listings...can anyone be kind enough to share your knowledge?

Also discussed various ways to generate a buyers list.

You now have about $12K invested in the property, if you include closing costs on the loan.You rent the place for $1050/month, and assuming an 8.5% vacancy rate (a month a year) and expenses of 40% of net income (a little low, but okay since you just rehabbed), you should see the following returns:- $40,000 in total equity created from the property ($120K valuation minus $80K loan)- Year 1 Cash flow: $862- Year 1 Equity Accrual from Payments: $894- Cash-on-Cash Return: 7.43% (not including equity generated by rehab)- Total Return: 15.14% (not incl. rehab equity or tax benefits, which are investor dependent)- Total Return Including Equity Generated by Rehab: 347%If you choose to keep the property for longer than a year, your total return will obviously drop, but you're still receiving nearly $1000 a year in cash flow, $1000 a year in equity, and still have $40K in equity generated by the rehab.Rinse and repeat...

I just want to make sure my initial marketing campaign money is used wisely.Also, what email marketing system do you all use?

I think they called it someting else.I can't wait to see what the next generation of "I can't believe it's not better" loans will bring.

Fortunately I'm still able to buy the 10,000 inch LCD (not plasma) :D I guess what I'm saying is that...what our generations are used to, the economy is bad and getting worse.

Originally posted by "MikeOH":If you own a lot of rentals or even a few over time, your numbers will trend toward the average.First, I absolutely agree that the 50% rule is a valuable tool for doing an initial assessment of a deal...But, that said, the statement above is just plain incorrect.Mike - You'd probably agree that across the hundreds of thousands of SFH investments across the U.S., the average purchase price for those properties is around market value for their location (in fact, you'd probably agree with this almost by definition).

Generate Buyers list3.

If you had some long term holdings, but also had a few quick flips, the claim was the flips were just to generate cash for the long term holds, therefore were not subject to SET and you're weren't subject dealer status.

and in that case how can the llc qualify for the mortgage since it doesn't have any income on it's own initially?