This also is subtracted from the total to arrive at the maximum bid.The point is to start with a simple formula and replace with real estimates and actuals as soon as you can.Hope this helps.Bill

The downpayment is roughly totaling about $160K which each partner should throw in about $55K.

Totally different.But, yeah, agreed, it's a our backup.

Here's the details:Purchase Price: $62,000Closing costs: approx $3,000Monthly Rent ($725, unit 3&4 currently rented)Unit 1- 600 (2br) -newer cabinets and carpetUnit 2- 450 (1br) -newer cabinets and carpetUnit 3- 350 (studio)Unit 4- 375 (1br)Monthly Expenses- ($488, not including management or maintenance)Insurance- 83tax-138 water- 47 (total house-city won't provide separate meters) trash-18 gas-50 (owner pays gas for unit 3 and 4, 1 water heater for both units) electricity- unknown sewer-26 unknown (estimate based on local rates - 26)Maintenance ???

We've had larger snow totals

Cash out up to 70% of market value immediately up to the total cost you paid on the final HUD settlement statement whichever is less in under 6 months.Option number two you can wait 12 months and you can cash out up to 80% using market value which means you'll be able to take out all of your money in the property and the some with out tax as long as you have not sold the property.

Glad to see your trying to improve your and your family's life.I would love to see many other people out there try to find a way to better their lives , just like what your trying to do, other than rely on others to do so.Best of Luck in 2014!

Totally unacceptable.

They should, because the amounts in this category are very significant (24.5% of total interest income.)

So if 3,000 total and the brokers cut is 30% and the buyers agents says hey I will rebate 50% of 3,000 then the buyers agent gets 3,000 by .30 = 900 to broker, 1,500 to buyer, 600 to buyers agent!