Every time an applicant hands you a check (or you write a check), the bank account information in regards to account number and routing number is right there at the bottom of the check.I don't need to know credit card numbers but even if an applicant doesn't want to tell me their bank account name/number the first check I get from them I enter this information into their folder just in case I might find myself filing for a bank garnishment on them sometime in the future.Gail

Cap rate is based off of the current income the property will produce.

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

I do not see the bank loaning you the money without a security interest being filed on the property (mortgage). 

I wouldn't even bother asking you for paystubs, because we aren't going to consider what you claim you make ($1.2/month), nor are we going to consider your stated YTD earnings (unless it indicates declining income).Ballpark, so as not to bore you with too much minutiae: We're going to look at what you told the IRS you made when you filed your taxes, and do a 2 year average (1 yr if most recent year shows declining income).

Having your license can actually be a hinderance to getting a great deal on a property, because if you get too good of a deal, down the road at some point the person who sold the property to you can file a complaint with the real estate commission and claim they were taken advantage of.

She filed a complaint against us to the department of human rights saying we discriminated against her and believe the section 8 program is a scheme.

As far as property taxes you definitely earn a partial exemption BUT the deadline to file for this year is March 1 so don't mess around.

Have you ever been to a grocery store that had a "Produce" section?