James Young
Hello from Sunny Arizona
20 March 2009 | 11 replies
I have just purchased my first home (a foreclosure in the Phoenix suburbs) that I intend to work on over the next few years and sell for a profit once the market has turned.
Jim Ingersoll
Mark W.
Hello from Rochester, NY
20 March 2009 | 3 replies
Here to learn more about putting profitable deals together.
Alfred Bell
Does anyone use a Checkbook IRA LLC?
29 January 2010 | 43 replies
Alfred,Instead of a 401(k) you might want to look into a 401(a) Profit Sharing Plan.
Jay McCormick
Can the second foreclose before the first?
20 March 2009 | 4 replies
The 2nd could foreclose but likely will not, having no way to profit by doing so.
Tom Doan
Corey Demuth
42k and rents at 850 a month??? ...am I missing something here?
25 March 2009 | 32 replies
So, even if you bought it at the asking price without trying to barter, and put 10% down, a 15-yr mortgage on the remaining 38,250 at 8% (a bad rate as I understand; I am purposefully trying to assess this as a 'worst case scenario' to make sure it is profitable even if the loan doesn't come out as well as planned)That means payments are 365.54/month + 149.42 taxes + I have no idea how much for insurance.
Matthew Green
Is this a deal?
22 March 2009 | 8 replies
With this house i dont think it would make much sense to fix it sense the profit of margin is very small. however it would be a good learning experience , yet a risk.
Ethan M.
K W