Good morning, I was hoping someone may have had some positive experience with trying to break a laundry room lease, I just purchased a 27 unit apt bldg in Austin, Tx.

.* Are there any other senior encumberences against the property (is this a 1st or 2nd position note and are there taxes due.)* How much value is in the collateral which you've stated is around 40-50k after repairs.* What is the general credit worthiness of the payor?

Tim, for everyone's benefit, can you point out specifically what "tweaking" was done to their system to get quicker positive results?

Deals with at least 25% equity after repairs or a little less equity, but cashflow well positive?

Dissatisfied with my position, I enrolled in night classes to eventually earn my MBA, concentrating in Real Estate Financing and Investing.

And if that shows more positive results, I may do a redesign and enhance functionality.

The investors who are able to buy property creatively are going to be in a "POWER" position when the market re-corrects itself.

You should be able to find cashflow positive deal under $80,000 but they usually need rehabbing.

"Bad debt" buys stuff/junk that either incurs meaningless debt service or is "wasted" from a financial independence perspective.If you buy some income-producing property where the annual loan constant times the LTV is less than the capitalization rate you will get positive cash flow.

Here are some steps you can take today to begin the recovery process – while you invest.Credit won’t be as readily available to you, so the first order of business for you will be to try to quickly build some positive credit.