Purchase price: $450,000 Cash invested: $450,000 Centrally located near Shopping, Entertainment, Transportation and much more.

Figure out market rents, deduct expenses to determine NOI, deduct cashflow you want, plug remainder into mortgage calc at current interest rate, then add lender's required down payment.That is how much you offer!

Thank you and be well-ShawnT Buyers aren't necessarily interest rate shopping they are shopping for affordable payments.

If he is open to seller financing you can do a SubTo if there is still an existing mortgage, plus give him the down payment if you have one, then he can take payments on the remainder of the equity ( sometimes called a SubTail).If he is interested in this then you can set it up through title and escrow.The Pros for him are that: 1.

However, many lenders offer only the 7A, so you'll have to shop around.

Purchase price: $275,000 Cash invested: $275,000About this homeBeautiful 2 bedrooms 1 bathroom condo in the convenient location of Rowland Heights, close to bus stop, supermarket, schools, shopping centers etc. newer counter top in kitchen and bathroom. 2 parking spaces and storage room.

I like Dundalk because of it's location (easy to get south and 20 minutes away from shopping areas.Any advice on this area?

You only need 1 preapproval, then can shop lenders when you go under contract.2a) Yes, just make sure your agent is licensed in all the jurisdictions.

Owners shop fees in the beginning, but once you're seasoned, you realize fees are usually about the same, and it's really process, procedure, culture, and communication that you're hiring. 

You find this out by talking to people, speaking with past residents, people in the industry, or mystery shopping the property.Using technology to pull in data so you don't have to manually type it in, is helpful, but other than that, I would not trust automation.