Or maybe you are such a Genious because in your profile it says you have completed " 2 "deals..... and you have been working for your parents on properties since you were a kid and FINALLY decided to take the plunge so your jelous that im half the age you are when i started...

And a long and related thread here: When is it time to incorporate?

I havent had an issue that hasnt been tenant related and the tenant hasnt paid for.

The asset value is often much lower than the loan value because all the expenses related to foreclosure and selling expenses have to be accounted for when its transferred to other real estate owned.

Destruction thusfar seems relatively minor (compared to Katrina and others).

We (me and my wife) tent to focus on buying council (government built) properties which are relatively cheap to buy but provide great cash flow.

So are www.ProInvestorSecrets.com and YourFirstDeal.com not related to your investment business?

Number of deeds conveyed by the clerk of the court via foreclosure action 1210 Number of Mortgage related Lis Pendens 2156 The trend is changing.

Some folks are going to discount you just because of your age.

Rent: 60000 /year NOI: 30000 / year (50% Expenses) Cashflow: 1200 / year Leaves: 28800 / year for mort => Max price ~ 360700 (30 year @ 7%)My feeling tells me to buy 15 number 1 properties to enjoy 1500 / cashflow :-) / relate this somehow to my investment.