Turning The Key

Im going to TTK in Dedham this week. Im wondering what to expect if someone could fill me in.

Comments(5)

  • raidercelt28th February, 2008

    (50-65 times monthly rent including repair and holding costs, depending on local taxes, etc.)

    Chris, could you elaborate on this? What are you implying should be 50-65 times the monthly rent? Thanks.

  • ypochris29th February, 2008

    Actually the way I finance 100% (and get the deals) is to buy properties that need a fair bit of non-structural rehab with money from a HELOC. After the rehab I finance it at 80% or less of the new value- which is still 100% of my costs.

    Chris

  • raidercelt4th March, 2008

    Chris,

    That was fantastic food for thought and thank you!

    I need to spend more time here : }

  • dirtman894th March, 2008

    Chirs, when you mention possibly being able to save hundreds of $$ /mth in taxes at the board of review I got to wondering what are the annual taxes on the prop you just bought for $28k?

  • crystalp0074th March, 2008

    I find its easier to look for pre-forclosure homes rather than homes that are already in foreclosure. This way you can speak directly with the homeowner rather than a lender. I get all my listing online at a really good source

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