All Forum Posts by: Jarrett Haynes

I also agree. You don't need a guru that charges thousands of dollars to know the so call "secret". You can learn the same method through research, self education, and speaking with professionals that are in the business of tax lien/ tax deed investing. With any business you must do you die diligence in order to make the best decision possible. I have been researching tax lien/ tax deeds, attended live auction in Washington, D.C. Area for the last 12 months. There is a wealth of information available for free if your willing to dive into the information and really learn it. The amount of money you pay to these "gurus " is money you can have to invest after research and perform due diligence. This is the reason why BP is so valuable because of the resources to allow you to succeed. 

Typically for residential property that is 1-4 unit, the lender will underwrite based on conventional/FHA guidelines. They will qualify you based on LTV (loan to value%) DTI (debt to income ratio) personal credit score and assets. Lenders will require at least 6 months reserves based on proposed PITI (principle/interest/taxes/insurance) payment of property your purchasing. Lender may require more to strengthen the loan profile. The loan terms and rate for owner occupancy will be more favorable and non occupied. Talk to your area lender will be your best source of information so you can make the best possible decision. Best of luck on your deal.

This would be great for BP. 

Good Afternoon, I am currently analyzing a property management deal. I have all my notes and numbers. My question is can anyone recommend a proposal template I can use as guide to submit a professional proposal. Thanks

Good Morning, I'm a New Member residing from the DC and Maryland area looking to connect and take the next step in my Real Estate career as a investor. I am a huge fan of the podcast show and love the site. Thanks