As long as you have a basic supportive economy in your town, there is always money to be made.

Basically you pay interest only for 10 years then you owe the balance at the 10 year.

First post, obviously a ridiculous claim , and just another spammer.So basically 1/6 of the world has opted into the database?!?

Basically, you need to check with your state and your CPA before solely following advice found in forums.

minna,forget all that sh*t.CASH ON CASH RETURNNET OPERATING INCOMECASH FLOWto me..in my humble opinion - and it's very humble...these are the provinces of basic real estate investing.that 1% of purchase price is like a quick reference, period.

I guess I have scarcity mentality.2) Is there a formula for assessing how much risk is smart, not in terms of comfort level but balancing the numbers, such as: how much credit card debt you have and years to retirement.

The basic numbers I see are usually:Purchase Price- price you pay for the propertySelling Price - amount you will sell the property for (not necessarily what you will list it for)Holding Costs- monthly payments, insurance, utilities, points paid upfrontRE Agent Commission - agent's commission on the sale of the property (commission on the purchase of the property is considered paid by the seller)Rehab costs - total expenses used in rehabbing the property from lawn, paint, permits, property inspection, contractors, supplies, etc.Profit - the amount you must make to take the dealIf you take the selling price and first subtract the purchase price, then subtract the expenses (holding costs, agent commission, rehab) you should have your Profit amount.

(He was basically invisible once the deal for the house was done)Anyhow, here is the deal.

So what you'd do is convert each room into a miniture suite with a mini fridge, and just the basics.

don't over do it when it comes to "reading about real estate"...sooner or later you're going to have to get out there and consider your options - the thing is how well can anyone actually consider their options when they don't know about the options that exist...that's where your basic education comes into play.good luck!!