I actually pulled the trigger and refi'd back to 30.

REI is something I have been interested in for several years, but I have always hesitated to pull the trigger.

In NC, for instance, if the LLC is not charging an individual (e.g. you) a fee or other consideration, then the LLC is technically not brokering.

@Ned Carey Maybe you can add some insight on this deal I'm thinking about 'pulling the trigger' on.

You are just starting, therefore the time value of the lost cash flow being reinvested should be taken into consideration.

So my best advice would be take all costs into consideration when coming up with prices.

If $207/month is an acceptable cash flow for you this is a property worth further consideration.

I was thinking buy a few cash and resell regularly for a quick profit.Reading the fine print used to back in the day there was a reserve but if you only bid and they started at 20,000 and you ended at 40k then even though the reserve wasn't met they would send to the seller for consideration to accept or counter.Now there is possible counter bidding on behalf of the seller but you do not know if it's the seller ( auction company) or a real buyer.

Just something else to take into consideration.

I just have to go through and pull the trigger on a deal I think is really worth it, which I have found at least twice recently.