:pup:I was re-reading this and something popped into my head.The accountant is in effect offering legal advice concerning liability.

Originally posted by "Wholesaler":Originally posted by "happylogan":Are the foreclosure sites scattered about the web an effective tool for an investor looking into that market?

There are plenty of effective methods of web advertising outside Google ads.

I may or may not be doing it correctly.Here is the info from the property:Financial Summary Proforma Year: 2007 Scheduled Gross Income: $89,100 Vacancy: $4,455 Effective Gross Income: $84,645 Maintenance: $8,800 Taxes: $8,015 Insurance: $3,500 Other Expenses: $5,925 Total Expenses: $26,240 Net Operating Income: $58,404 Debt Service: $49,500 Pre-Tax Cash Flow: $8,904 Expenses/Unit: $800.00 Unit Mix Information One-story units No.

I quit doing them at that time on the advice of counsel and I just do a "fee simple" sale.

He skips from OH to FL, effectively abandoning the property and lease.

Cause I spend a lot of time counseling people with not enough equity to make it worth my while.

Some have very focused efforts so before a deal even passes by their desk it is effectively pre-screened.

Ok, here it is:My offer is 173k with 13K back at closing.Total Purchase Price $173,000Seller Concession $13,000 (roof repairs and closing costs/fees)Downpayment (15%) $25950Debt Service: $1330 per month Finance $147,000 x 9%= $1330Gross Rents: $2775 $400 (15% vacancy/rent loss)Effective Rent: $2370 Expenses $1100 (water, insurance, taxes, trash, grounds, misc.)Do I buy or pass?

Your writing style for ads can make a difference; your phone and/or in person presentation will have an effect.