More often than not, you are going to have to reformat the PID as 'text' if you are opening the file with Excel, and you will have to do it in the Power Query window to make it 'stick'.

lol - only kiddinFINANCING, FINANCING, FINANCING - and the risks involved - how creative can you get - where else can you get money to fund your investmentsexit strategies - what and how to accomplish it - specificallyformulas - EXCEL - learn it, it's a great toolCash Flow Analysis - the real dealProperty AnalysisSeller Information - how to get itMarketing - the fun...but expensive stuff - oh and how to find free avenues for marketing your properties or businessto me, if you spend 6 months doing mock offers, tearing one house to shreds, on paper and really giving a realtor or two hell and improving on your own sheer noobness - it will pay off in spades, rather than get into something way over your head.

well whoever wrote it.......it was an excellent story

I do not use "pre-canned" applications like Excel, or Act, very much, because for me it is just as easy to program it myself, and of course, I get exactly what I want.

You're a little off in the calculationsGross scheduled rents: $1400Expenses: $700 (50% rule)NOI: $700 (rents less expenses)Payment: $330 ($55K, 6%, 30 years)Cash flow: $370Cash invested: $12,000 (ignoring closing costs, which you shoudn't)Annual cash flow: $4443ROI: 37% ($4443 / $12,000)Excellent, assuming you can actually get it rented for those rents and that $67K is a good overall price compared to the neighbors.

We may never see sub-prime mortgages again, but houses are closing esrow, so someone is getting loans.I also think it means that the buyers who waited to see what prices were going to do are tired of waiting and ready to take advantage of lower prices and excellent mortgage rates.I'm thinking that unless the Fed does something very unexpected, that many places have hit the bottom.It's unlikely that we will see the huge price increases, again.

Excel spreadsheet is OK.

This is an excellent example by Heathen and also shows one of the pit falls doing these refi's.

Ryan,As usual, excellent advice.

Very excellent idea.