Details are under the thread: "What would you do"

I'll give some details .....

Hi StephanieThanks for the welcome :)PM me and we can discuss Dubai in detail.

Here are a few details on this place:REO4bd/2ba, 3 years oldasking $67K ($3k est repair needed)comps show an average of $79klocal rents average $1300/moIm thinking $60k is a little on the high side for this place.

There is already a detailed thread on DPA, do a search to find it.As far as reserves, that is a broad question without having the details of the 6 unit.

Please put your details in your profile so others can know what you do at a glance when your posting in the other forums.Is the market really as bad as the media is making it out to be in FL?

Paul, Others will give a more detailed response but here are the way I see the numbers:Purchase price: 250KRepairs: 30KClosing costs: 7500Total: 287,500Monthly payment: $1912.75 @ 7% for 30 yrsMonthly Income: $4800 50% rule: $2400 - 1912.75 = 487.25Cash flow = 487/3 units = $162 per unitThat is good.The other questions:1.

Then I explain in a little more detail that this is there home I am just carrying the mortgage for them.

Consult your CPA or tax advisor for specific details.

Treasury also wanted details on purchases of mortgage-backed and asset-backed securities, according to documents obtained by Bloomberg News.