Because I will need that to pay for materials for renovations and have started to apply for those 12 month 0% apr cards...(5) If you get a decent fixed rate 5.9-6.2 for 30 yr fixed, do you still try to slam every nickle into the mortgage or should you be content with being able to cover the mortgage and/or make slightly positive cash flow, and instead of pre-paying the mortgage, save your money for a new investment?

Only time will tell whether it was wise to purchase a Condotel Suite for this kind of entry level price, however simple mathmatics and common sense dictates in the positive with increased optimism about profits from condotel operations -- where buyers rent their units for a share of the rental revenue.

Based on what you're saying you're limitations are, I don't know how much trust I would put in the internet......I like the idea of being able to put a thumb on someone responsible for positive results.

it's hard, in any area of the country to buy at market and see any type of positive cash flow.

A double closing does not affect the buyers lender's position in any way.

1 Set a realistist list price for the property2 When you reject an offer please let the agent that it listed with know why it is rejected maybe we can bring the transaction together.3 Don't make us pay out of pocket for work done on the property and expenses to maintain it.4 Don't pay a reduced commission and require a referal fee5 Understand when we say the price is to high we can back it up and will and most likely already have.6 If it is in an area that we don't work let us reject the listing without fear that this is the last call we will get.( You don't want to know how much of a pain it is to drive 60 miles to drop off "all original paperwork")7 Don't sit on offers for a week without some kind of communication.

I think it is important that we've been able to continue to maintain a high standard for the forum, even though we've got a huge userbase.To all the new members, Welcome!

Because this forum is business relates, I believe there should be a strict no URL in posts policy to maintain / ensure integrity.

In my limited research I have found that investing outside of California is one of the few ways to find properties that are positive in cash flow.

When we get our next tenants and raise rent, we will have positive cash flow.Although we knew a little, we didn't know a lot, going in, but i think we will do okay.