When there is a need, these individuals are approached and asked if they are interested in the position.

Especially when it's perpetrated by a group of individuals

In the mean time i also been reading money management books, Real estate audio and books from Robert Kiyosaki and Dolf roos also playing a lot of monopoly and cash flow 101 8).Is there any advice you would recommend to better prepare me ?

Just examples of how uneducated individuals believe the news and media with out researching.Hey, and if I could find some one who would give me a decent $10 hair cut why would I pay $50 for one!!

That's a very simple answer to a very complex and individualized question though and many people who applied this simple answer to all they did found themselves in situations where their mortgages were too high, their property had more loans on it than it was worth and that money they had "just pocketed" disappeared a lot faster than they imagined it would.

I do not pretend anything in my calculations and I include all the expenses in which I have on each individual property.

Others would rather work hard (for example, undertaking a difficult apartment building "value play") and shoot for a 40% annual return (which wouldn't be unreasonable).

And it looks like yours are coming in at less than 25%. 4A I don’t buy property that has expensive higher than 40%, I also go for property that where the renter pay their own water and power, if they don’t have the meter then it worth to have the meter put in because your play with a risky unknown if you don’t.

When you refi always make sure EACH property has positive cashflow including expenses that only occur once or twice every 5 years.The best way to view it is each property is it's own individual business.

Obviously, most of the timethe mortgagee's credit, etc. comes into play, but in this case the LTV is so low it hardly seems to matter.Assuming the paperwork is in order, what would you say is the market value for this note?