As stated by the other individuals.....You have to value the property compared to what people are buying, not what they "Could be buying" which it seems atleast part like what you're doing.If 6/8 sold homes in a area are foreclosures, then that area is REO dominant, which means declining sales prices, and if you open up your search range, you fall into the trap of looking at other areas with higher/different values.If the properties wer $57/sf then that's what they are worth.

However, I can't help but think of the extra $1,000 or so a month I could save by moving into an apartment or a less expensive property.

The extra stuff is just a waste of money that some insurance person is probably trying to sell you.

Once at the corp level and then again at the individual level.20% returns would cetainaly be attractive to investors.

He also works on cars on the side for extra cash.

I prepare the documents myself and charge $400 doc fee, so that's a tiny bit of extra casho in my pockets.This is TX and when they tightened up on the CFD rules my attorney recommended I just do fee simple sales.This would have been easier if I still lived here but CO is so much nicer than TX.Anyway my guys called me today and want to close tomorrow instead of Thursday so I have to cancel a couple of tee times but I get to go sleep in my own bed instead of on an air mattress.all cash

make sure you spent the extra on the tenent screening !!

From my experience presenting offers to individuals who have a contractual agreement with a realtor is almost a waste of time for investment purposes, unless you work with a realtor who is "investor friendly" Most realtors I come across are in their own world.

Now from the tax angle think of an LLC as a lump of clay that you can mold into the type of tax planning that fits your individual situation.You can choose to have an LLC taxed in one of four ways;1.

the earnest money or say the deposit is to keep the buyer to his or her word technacally speaking,,if their serious enough to go through with the purchase, then they will abide by the agreement of the assignment contract, even if they must pay 500 to a thousand for the fee before signing. thats just extra for their promise to buy the assignment!