My background is in examining financial institutions – I’ve worked for FDIC and NCUA so I’m familiar with community banks and credit unions.

*FFIEC.govFederal Financial Institutions Examination CouncilMy mistake

Hi BP Folks,I've been a podcast listener for some time, and have been working up the nerve to jump into investing.

It's very nerve wracking doing you first deal lol Anyhow, thanks again. 

Take a Snapshot of Where You AreFirst, examine 36 months of “actual” collections for each property—ideally this number should be trending northward.

If you were to examine the Business' tax returns or the Schedule E for 2 years, you will see if the tenants are having problems or verify that everything is great and that you can make a sound and solid offer.You can also discover if there were any deferred maintenance, legal problems, etc.Also, not every Broker/Agent will be on top of their game.I usually throw out the numbers given to me and just do my own, adjusting for vacancies, late payments/evictions, etc.Also, the Agent's fiduciary responsibility is to get the best deal for the Seller, not the buyer.

He had the nerve to say you are going to lose a good tenant over a late fee.............. 

My wife found out about BP and after I examined what the community does for one another relative to education, networking, etc...we couldn't wait to join.  

@Jennifer Williams - Settle down your nerves Girl!

As i am examining all angles to purchase investment properties.