I've done loads of rental rehab where costs exceeded expectation and I look back and realize that I could have just bought a house already fixed up and been better off.

You loans should all be for a business purpose, which, in your case, would likely be for short term flips only.Depending upon the prevailing rates and how well you can stay loaned out, you should be able to well exceed your 8 to 12% goal.I our view, loaning locally, to those you've met and formed a relationship with, on local flips that you've physically seen, is the safest way to go.

The seller may or may not want to do a short sale dependent on if they can claim insolvency ( their liabilities exceed their assets ) so that they do not have to pay phantom income on the forgiven debt to the IRS.Before going any further you need to find out how much crap is on title and then if the bank would be willing to deal.

I'd prefer to buy/rent Section 8 house until the 'free market' rent significantly exceeds Section 8 rent.

Banks also look at your debt to income ratio- so check with the lender to see you’re not exceeding that.

However for me with an REI path I couldn’t see the payoff especially with a program that had doubled in cost to $160k.I did a time value calculation on that 160k & 1 year & figure doing REI on my own with 15% annual returns will far exceed the return after w2 tax of the MBA over time.Capital gains are only taxed at a 15% rate & some of my apartment & other deals generate losses on taxes up front which help my wife & i’s taxes since we married this past Spring.

Including the land the deal cannot exceed $145-$150/SF.

In many instances, over 30 years, that interest exceeds the cost of the home.

If the landlord succeeds in renting the dwelling unit at a fair rental value, the tenant shall only be liable for the amount by which the rent due from the date of abandonment to the termination of the initial rental agreement exceeds the fair rental value subsequently received by the landlord from the date of abandonment to the termination of the initial rental agreement.

instead of the highly subjective and highly variable sales comparison method, appraisers must use the income approach which means the predictability of value is exceedingly high.