Additionally, 2008 to 2010 marks a great time to sell capital assets that have been held for at least a year or more, as the capital gains tax rate has been dropped to 0% for certain tax brackets.

The rate is about 1% higher than a normal FHA loan and there are some additional charges because of the repair reserves and reinspection and draw services on the loan.

You would need an additional $10K or so of your own cash to cover the excess of the rehab over the loan amount ($3K), the points (about $4.5K), and your holding costs (taxes, insurance, utilities, etc.

It would suck to buy the property only to find an additional $10K of liens attached.

In addition to the tax and social security rates, both of which were higher than the US, I was paying about $1.75/gallon for gas, and their "national sales tax" (value added tax-the standard in the EU) was about 11%.

Introduce yourself to loan mod companies as a buyer for clients that they can't get accepted (be wary though, many will have caused additional duress for the homeowner as they may have been promised the moon)8.

You need to be known in your city as someone who can and will buy properties quickly at the right price.In addition, most of these deals won't be in pristine condition.

I have been updating and have a contractor living there working on it every day, so i do have additional plans to bring it up to current standards.I really hope this gets directed to the right person.Thank You Bill Walsh

You may not need an investor for additional cash.As said above, you need to know what the project is worth after development.

By definition, almost every property on the market can be purchased at market value, so this "deal" is certainly not a good one.In addition, getting $1,300 rent with a payment of $800, will just about guarantee that you will lose money.