true. i wonder how they would handle something like that?

A little background:I do business in the San Francisco Bay Area of California.Primary strategy is flipping/wholesaling.One of our strongest acquisition strategies is doorknocking NTS's (notice of trustee sale), and 90% of the leads are underwater (we've yet to actually convert a lead with equity since we started this strategy about 6 months ago).We are aware the the margins at the courthouse steps are very thin now, and we have also noticed the bank budging FAR less when it comes to negotiating the short sale.I know it was just a bit over a year ago when you could still pick up short sales that had solid margins (60-80 cents), but it hasn't been the case as of late (from my experience).I guess my question is, to investors in other states or markets, is this also true for you?

The true value of anything is what the buyer is willing to pay.

The answer "It depends" seems to be true as some states have a min taxable income limits and other tax your income in full.

The true net of that is probably more like 50k after vacancy, repairs, taxes and insurance.

If you can prove that you need more room or a bigger space to accomadate the need of a growing family (this one is hard to prove and it will be basically the underwriter deciding if it is true or not)I have two properties with FHA because I met one of this criteria.

This is more true with flipping than buy and hold.

I would definitely concur on how much of a happier life you can live if you forgo the doodads and go after your true wealth.

I am opening their first branch in the Twin Cities area; however, my true passion is to learn the industry and start investing myself.I'm definitely not a paid spokesman for BiggerPockets, but this site has been terrific.

You also need the occupancy rate (everyone will say 100% occupied, but that is never true).