It should be fairly easy, cut and dry.....the lien holders will take your price or not.

The house was in good shape, other than replacing the fence, landscaping, a few metal bars in the closets that need to be replaced, and fixing the brick steps.

That makes it really easy to know the most I should offer for an apartment building by just taking:Current monthly rent / 2% * number of units in building = price I should no exceed on building offer (thats divide by 2 percent not multiply).

I'd really like to do tile, as its cheap and easy for me to put it, looks great, and if water got in ever, so what?

I for one am curious if anyone has a Florida lender they have worked with on-line, that is easy to work with?

I know the market is down right now, and I know that its not too easy to get your first sale.

Bill Gulley A lot of times this strategy is made to look so easy, but I had to look at it from my side of this transaction where I would have to pay up the option fee the same way I would have a tenant buyer pay me an option fee.

.$800 insurance.20% down @4% mortgage.House is built in 1995 and is in excellent shape, w/new roof in 2010.Would have to do lawn and snow Myself.Here's the angle.

To achieve this we are looking at long term buy and hold properties that cash flow at least $150/month ideally $250/month. 25 properties at $150/month doesn't achieve our financial freedom goal but once the debt service is paid in full and after the 50% rule we should be in good shape.

I like land and the potential yields, especially being a contractor/builder it comes easy.