I just look at 3 different ways to structure the deal using various tools: cash, financing, term, interest rates, balloon payments, etc.

Their loan officer is the one you need to question, and hope he gives you correct info.

Everyone is correct about having difficulty making good money on the ones where there's a lot of people making offers.

Thank you all for the replies.So for the most part, I shouldn't worry too much about borrowers filing bankruptcy after I purchase a NPN correct.

What I am hearing you say is that depreciation can be used to reduce some of that tax.Do I have that correct?

And I agree, the knowledge gained and learning his system will be good learning tools for the future.

I am from Montreal (although I have been living in Los Angeles for a while) and you are definitely correct!

Is that correct?

. $458 for three empty units.Now, I know I would have needed to pay some charges for electricity, but between the three it shouldn't have been more than a $50 for using the power tools and heat on the few days that I had guys working there.So here's the lesson: TURN OFF YOUR HEAT WHEN NO ONE IS THERE.

Correct me if I'm wrong but isn't making sure everything is up to code part of the due diligence in buying a property?