The mortgage is 411k and equity is 104k for a total of 515k.Why are you looking to pay so much?

Most have an acceleration clause or are worded to say "lease term is one year for a total of $12,000 due in monthly payments."

I'm totally delighted with all the information that I have seen here.I am presently based in California but will be moving back home (Chicago) next year.

Asking 350k 12 unitsScheduled Gross Income: $72,000Vacancy (5%):$3600Effective Gross Income: $68400 Maintenance: $7200 Taxes: $12,600 Insurance: $1,200 Other Expenses: $10,600 Total Expenses: $35,200Net Operating Income: $36,800/12=3066.66350k@8% for 20 years=$2,927.54balance=139.12/12=11.59 per unit not stellar by any means, but in the black.

Most stagers tell people that they need to have baskets for their personal items and pack up everything and hide the baskets.

So, if your total cost is $125K and the repaired value is $190, you could probably get 90% of the $125K.

But the right to assign is a fundamental part of contract law pretty much everywhere.The only exception I know of in Canada is that BC made it pretty much totally illegal for real estate agents to assign contracts.

You could also check out the free blogs here at Bigger Pockets to see if that suits your needs since it's totally hosted here for you.or2.

Orchestrating everything and having a plan all come together was the coolest thing.I understand that now is a totally different market and all and I would hate to get burned.

Assuming that I did get it you and I are on the same page.Leverage is a tool and it can be used to enhance one's total returns plus manage the tax impact.John CoreyOriginally posted by "akhanna":Mr.