Alright - I am new to this whole thing and am still awaiting Dean's book.
However, on the Foreclosure Finder I think I found too good of a deal to pass up, can you guys help me figure this out.
FMV of two unit place for $180K, listed at $159 (will try to get for $130 or so), but even if I don't the mortgage would only be $900/mos.
One rents out at $1100/mos and other has someone moving in 4/15 at $900/mos.
So, rents at $2000/mos and mortgage of $900/mos is a good cash flow of $1100/mos.
Even though I have no idea what I am doing, is this too good of a deal to wait on?