People like myself who respect and follow the rules consistently lose prospects to our less ethical peers who initiate contact with investors, with impunity.

Before I jump into the cash required to operate which isn't given enough attention by most investors there are additional fee related questions a borrower should ask any prospective lender: Are the 3 points inclusive of loan doc prep?

The only thing I would add is using your time with prospective tenants to ask what they are looking for, how the unit aligns or doesn't to what they are looking for, etc. 

Love the drive you have to continue to improve your portfolio and don't let a NO deter you from asking elsewhere.

As of today, May 19, 2024, he is advertising a single family house for sale in Rosedale (Queens), NY for $250k, while stating that it will be a short sale once a prospective buyer makes and offer that's accepted by the seller after providing proof of funds. 

Good Morning BP Community,
I think I found my first REI property! Lets GOOO! This is simultaneously exciting and nerve-racking. I need your help BP community. This potential buy needs a little work done so I need som...

Accurately estimating expenses like maintenance, CapEx, and make-ready costs is a common challenge, especially for new or prospective investment properties.

I was intrigued with the prospect of buying distressed properties in bulk quantities and finding local investors who could rehab them and put them back on the market.

Are you trying to deter theft, vandalism, other crimes?

I'm leaning more towards markets that may not cash flow immediately but have longer term prospects