ROI of 9% nowadays is a great deal in my opinion given the nature of today's market.

The sill plate is double the thickness that is presently used nowadays and he also stated the termite situation looks like it has been here for a while.

If so, how many have you closed and what's the typical write-down you are able to get banks to accept nowadays?

Although, we do seem to be somewhat more civilized nowadays.

I honestly think now adays the regulators have trouble keeping track of the changes. :)

I cringe when I hear Canadian investors paying US based gurus to guide them in Canada , same when I see nowadays lots of us listening people that have no properties, or only a couple properties that barely cash flow.Filipe

Nowadays, I would imagine the stringent lender pay down requirements for the complex owner mentioned above and the fact that individual loans are now actually underwritten properly, would just plain make this strategy unattractive altogether.

I look at life like i look at a casino.. the games with the best chances to are fewest on the floor...

One investor revealed his mindset when he and his wife went to the casinos at Lake Tahoe with my wife and I.

Nowadays though refi guidelines are the same as purchase, so it doesn't matter anyway.