It would suck to buy the property only to find an additional $10K of liens attached.

In addition to the tax and social security rates, both of which were higher than the US, I was paying about $1.75/gallon for gas, and their "national sales tax" (value added tax-the standard in the EU) was about 11%.

Introduce yourself to loan mod companies as a buyer for clients that they can't get accepted (be wary though, many will have caused additional duress for the homeowner as they may have been promised the moon)8.

You need to be known in your city as someone who can and will buy properties quickly at the right price.In addition, most of these deals won't be in pristine condition.

I have been updating and have a contractor living there working on it every day, so i do have additional plans to bring it up to current standards.I really hope this gets directed to the right person.Thank You Bill Walsh

You may not need an investor for additional cash.As said above, you need to know what the project is worth after development.

By definition, almost every property on the market can be purchased at market value, so this "deal" is certainly not a good one.In addition, getting $1,300 rent with a payment of $800, will just about guarantee that you will lose money.

I do not really need any additional funding to rehab the building but I am sure I could find the minimum 5k worth of repairs to qualify for the loan.

In addition to the written word, these books have lots of pictures - perfect for landlords!!!

I pay close attention to what they select (remember, these are investors themselves), what they say about the property, the area, the rents the property will yield (I check the rents against what the PMs say - the PMs tend to be a little more cautious on pushing the rent numbers and if you weigh an additional month of vacancy against that extra $75 of rent, you will find a 1 year lease may break even for the vacancy holding costs - so I tend to price a little low for an area).