Posted by Lokesh on December 22, 2008 at 13:56:49:
Thanks for the response. I am assuming that you calculated this using the rule of thumb - total rents must be greater than 1% of the purchase price ($150,000).
This property is in somewhat upcoming area and I want to make an offer that is good for me and honestly I am willing to walk away from the deal. If I make an offer of $5000 down payment and $750 monthly payments with 50% of the monthly payments applied to the purchase, then will it be a good deal (for me of course)?