The markup of some sites in Kansas City sell these type of investment for 45,000K with rents of 800 at 12 months, not going to happen.  You can't be an absentee landlord, property management is another added cost for an investor.  There are tons of things that can go wrong.  There are lots of predators selling junk to people.  If i kick a tenant out i can have a new renter in two weeks tops.  Most property management people will take months here in the states and will want the first months rent for finding the tenants.  just killing the cash flow.  i'm could write a book on all the things that can go wrong, but at the end of the day my plan of making it a passive income that pays off quickly is why it works well for me. 

I don't know if i could do the same in some place like Detroit or Memphis, they sold chucks of Detroit in auctions for months, it was crazy.  I would say that is like a ghost town almost.  I really don't hear about people doing well in the two markets i mentioned.  Cleveland is another dieing industrial town, i don't know if i could do the same deal there.  I have done some deals in Tampa that compare, hopefully i can snag a couple 10,000K condos this year. 

In my opinion i wouldn't go with the one stop chop shop site, they are predatory as hell.  In the end it is to  good to be true and will not live up to the hype.

My comments i posted back when you posted on that other thread. 
 
From your previous post, but re posted for others to see the property they offer

Here is one of their examples they recently emailed me…
They don't have the properties listed on their site you have access once you are a member

https://tmc91650.infusionsoft.com/app/attachment/18302/14836/fc1e23ab618aa4b3d17d4ee178772d7d

(hope this link works if not you can email me and I will forward an example on to you)

Nope, insomnia

I will stay up and go through my work day till about 8 this evening and crash till 8 the next morning.

My bad, this article is more what the Gov would want you to hear, the link below is what i meant to post. 

http://www.linkedin.com/news?actionBar=&articleID=5577406286816878657&ids=e3sSe3oMcPwRe3cNd3sRcjwRdiMOdz0TdPsVcj0Rc34PcjAVdPkRb34Pdj4QdzAScjcNdjkVejATdjkIdPkSe3sUdz4UdzwOdz0QdPsRdiMTdz4Uc3AOe3gScjkPcPsTdzkR&aag=true&freq=weekly&trk=eml-tod2-b-pub-1&ut=1tnWTFmjrLul81

Thanks Alex, Dec. 29th of this year

I'm post more on this tomorrow, you can kick the dead dog on this one for a while.  American saying, might have to explain, lol.

@ Zmagen

This the type of investment I am talking about.  I don't crunch numbers that a lot of other people get crazy on cause they are trying to squeeze that ROI to make themselves really get that precise return.  This what i have my younger protege do as a simple formula that helps him.  I'm shooting for the high risk to reward scenario, The C class neighborhood, Da Hood, The Ghetto.  I always get razzed for posting these type of investments, but it makes cold hard cash!  I expect nothing more from these houses and don't like selling them other than they are a good source of capital for me to keep getting more.

Here is a of scenario and how i try to stick to my formula, as i have refined my strategy to make it easier to pay off what i begin putting into the property.  Man, that last sentence really made me feel like i was one of those late night real estate gurus that lures in the novice investor.  Like a moth to the flame, lol. 

http://www.dansolenberger.remax-midstates.com/remaxmidstates/modules/internet/search/includes/mapsearch/listingpopup.asp?mlsid=311&mlsnumber=1719769

http://www.zillow.com/homedetails/4241-Brooklyn-Ave-Kansas-City-MO-64130/2341215_zpid/

I call this the investor that didn't know what they were doing.  Be it they spent to much on rehab, couldn't get good property management, there is all sorts of things that can kill the novice in these scenario's.  If i was buying at the moment i would snatch this one up. 

Can i pay off for what i put into it in less than five years?  Just doing quick numbers in my head i would say two years, even better

 Was listed on the MLS 10/27/11 and they are now asking 14,500, so would say u could offer them 10,000 and they would take it.  4 bedroom 2 bath would rent it for $675.00 a month, cheaper than the competition and makes it more appealing to the tenant than other  choices that would be 750.00.  Rougher area and turn around can be tough sometimes and we will go with it paying out at 8 months.  If i don't people will say i'm not being realistic for this type of investment.  I do around an average of 10 months, that's were the experience of the market and doing in house property management helps me put more money in my pocket.  Rehab lets say is 3,000, they did most of the rehab it looks like from the pictures already.  Was nice of them to replace the plumping with pex, that's what i always replace all the plumbing lines with.  It's freezes all the line does is swell. 

So your in it for 13,000
insurance general cost is $200.00 a year and insured for $35,000, get heck of a deal when u have multiple houses and cars on your insurance plan

Taxes $337.00, sorry Texas your high taxes kill my hopes for cash flow.

$675.00 X 8 months $5400.00 in cash flow
minus
taxes and insurance $537.00
$4863.00
2 years $9726.00
3 years $14,589.00

My numbers i would use, some times better and some times worse, but my average spread across my portfolio.

$675.00 X 10 months $6750.00
minus taxes and insurance
$6213.00
2 years $12,426,
Close to that two year mark i was shooting for
3 years $18,638.00

Wow, this is a deal i would really jump on if i could get each house at 9,000 instead of 14,072.

http://www.dansolenberger.remax-midstates.com/remaxmidstates/modules/internet/search/includes/mapsearch/listingpopup.asp?mlsid=311&mlsnumber=1756593&l=y

Ah, gotcha.  The price for gold has been run up here.  I stick with houses, at the end of the day u need food and shelter.  If it comes down to trade at least i can trade shelter for something in return.  I really hope it doesn't get that bad

@ Steve and Vikki

In my opinion i wouldn't go with the one stop chop shop site, they are predatory as hell.  In the end it is to  good to be true and will not live up to the hype.

When 70% of GDP is government spending, when deficits climb by $1.3T/yr, when total debt and liabilities exceed $200T, when the economy continues to shift towards a low paid service sector economy then you have a basket case of an economy.

It's the big government killing us, there is so many evil hands in the pot that the its hard for the average joe to make it when he is worried about putting food on the table.  That and leaving beyond or means, man u could go on with all the messed up stuff here in our country.  I hear you on the war mongering, It will be Anarchy if the rich get richer and the middle class of america become the poor.  It can be seen by the occupy movement in major cities here. Don't know if it would be anything comparable to the French Revolution though, i hope not

Q: Give me your prescription to fix the economy.

A: We have to eat our broccoli for a good period of time. And that means our taxes are going to go up on everybody, not just the rich. It means that we have to stop subsidizing debt by getting a sane set of people back in charge of the Fed, getting interest rates back to some kind of level that reflects the risk of holding debt over time. I think the federal funds rate ought to be 3% or 4%. (It is zero to 0.25%.) I mean, that's normal in an economy with inflation at 2% or 3%.

Like i was saying, we need to cut back and live within our means.  The land of the Fat is over people, lol!  Time to fix the real problem.  I have no debt on my properties and make good money and don't mind paying 35%, would rather be like MItt Romney and pay 15% and gouge the system and act like i could be President.  What a joke.  I'm fairly young and it is my generation that is going to deal with this mess of big federal government and the kings that slowly robbed the poor for more riches. 

First off it's Kyler!  Not Kyle.  I put that period at the end of that for you buddy.

Really…

Let's eat, Grandma!  So what is it telling me that that i made sure it was capitalized and had that exclamation for the emphasis on let's eat.  let's eat, grandma!  Can be understood just as easy, i post from my phone or tablet most of the time on the go.  If i was writing a formal email for somebody then I would be more worried about it.  Texting or hash tags is quicker and more to the point for me and is mixed in with how i write now.  Sucks that it bothers u that much i guess.  It is just a forum.  Reminds me of my English teacher "you can't always say the correct thing but you can always have proper grammar and spelling"  Ok, Maybe that's why i have always been better at speaking to people than conveying through writing.

Can you help uncle Jack off the horse, lol. 

Really…

Making sure that was capitals on that one was a big mistake, sorry bro.

I'll try better, I promise