Right now we are finding rates in the upper 4% range for a 10 year lock.

Note: The property will most likely have to be a fixer upper as most properties in the Bronx, NY seem over priced at this point. 

My lawyer who lives in a big new home, one block South of Gandy Blvd. has just sold three fixer uppers near the AFBase, that he rented for a time and bought two more houses to rehab and rent.

If the roof is on its last leg, then you will need enough in reserve to fix it.

Understand that if it's on the MLS in our market at the moment the sellers have the upper hand.

I think there is the requirement that the sales are arms length transactions which the last leg would not be. 

I am working with a construction team, who have successfully bought a fixer-upper and have flipped it!

Put into your spreadsheet of choice a column called (Marketing Expenses) and put in the commissions there if you use an agent, and if you don't then best of luck on selling that property and doing all the leg work to get it sold.

This is for investors working in middle and upper income areas.

I like areas of Hyattsville, West Hyattsville, cheverly, Riverdale, Upper Marlboro.