When an owner fails to follow through, the tenant is usually blaming us!

Hello,After carefully following the demise of the housing bubble over the last two years I have found a property I love that we intend to live in as our last home before retirement.This property is located in an area where many, many homes that are either in pre- foreclosure or have become bank owned.

They have 6 steps they follow for rehabbing, and the actual rehab doesn't start until step 5.I did not personally purchase the course, but think it would be worth the money.

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...

Using broad match can actually be done, but you need to make sure you are following a strategy with the keyword and not just throwing up a 2-word keyword and bidding normally.

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Do not temp yourselves with following these techniques.

Followed by:"I suppose you got this one for a song..."

Due to the increased incidence of preforeclosure sales, Fannie Mae is establishing a 2-year elapsed time period for reestablishing credit following completion of the action.