@Shayna Queen if you're flipping, using a LOC is a creative way to start, but make sure you have more than one exit strategy, just in case things dont go as planned

@Shelly Floyd if the ARV is $110k and it needs $5-6k (let's say $10k, just in case), I'd want to buy it for $65 - $70k

Hi @Justin Youngblood. 

@Jake DeAtley and @Justin Koehn, thanks for the heads up! 

Large house = $1,500/mo ($900 for 3 bed, $600 for 2 bed)Small house = $1,100/mo ($550 for each unit)I see a huge opportunity here to buy these houses this fall/winter and let the current leases expire and then rehab them next spring/summer just in time to rent to nurses/young professionals working at the hospital.

Covington north of 10th street is Justin like OTR imo- with lower price points and still lots of room for growth. 

Originally posted by @Justin Wai:@John Moon one thing to think about too, is if you get a portfolio loan, what happens if you want to sell just one of them?

Be sure to have a down payment (just in case) of 30% to 35% plus closing cost and reserves. 

Hi Justin,Commercial brokers, like residential agents, want to work with people who can close on deals, because that's how they get paid.

It will teach you about renting a property, how the numbers actually work (not just in ideal calculators), and put extra cash in your pocket.