After reviewing the cost to rehab and the area of town, I decided to Wholesale for a quick profit.Sold it on a Real Estate Contract (Owner Financing) with $100k down, the balance is financed at 10% for 13 months, then the loan is called.

;) I'm now actively building a network of motivated sellers and investor buyers to facilitate quick and efficient wholesale transactions.* As far north up to the Kentucky line* As far east as Lebanon and Murfreesboro* As far south as Mount Pleasant, Lewisburg, and Shelbyville* As far west as Dickson and Burns@Scott Trench Thanks for the intro post with guidance, I appreciate you!

No way he could have grown his rental business that quick or developed scale, by buying his own properties.  

Multifamily mindset has recruited students from all walks of life such as teachers, medical doctors, veterans, real estate agents, business men, and I was included into a group (multifamily mindset encourages students to form groups) and one of them is a veteran who is divorced, has kids to support, not employed during that time, got a loan of $40,000 for the tuition.

 (2) You can also use Lead Swiper to target buyers online.Private Lender Leads: (1) Lead Swiper can easily target private lender leads (2) Nationwide Private Lender database (although this is 1-time payment premium feature, it's cheap), if you want access to capital, quick and easy, it's a no brainer.Hope that helps.

With a 40% expense ratio, the DSCR is approximately 1.21Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers

Yes, even during the festive season, the real estate world doesn’t take a break.Let me share two stories that drive home the importance of acting quickly in this business.The $40k Christmas Miracle: A few Christmas mornings ago, one of our rockstar team members, was enjoying some holiday downtime with his family.

A quick search says they have 5 days to appeal and must post a bond equal to a months rent.

But if I were you I would be making a immediate bee line back to the property (xmas or not) to figure what the heck happened and quickly make an assessment to get the property back in condition. 

Now you might be like Joe, know rents for a couple of neighborhoods and can quickly estimate expected cash flow from properties pretty quickly (that's what I do as well) but you still need a screening rule so you invest minimal times on properties you will never put an offer in on.