But I do think you need all those tools all the SM to get yourself out there and then proper follow up its a belly to belly bizz you need to talk to people live in person. 3.

Stat. 720.385) So if the junior lien holders were properly served, their interest should be extinguished. 

This transactional lender puts $40k in the pot (for some return which I am curious what they were promised) to get it back at closing as part of seller/lender#2 financing.At closing the first lets say is owed $50,000 so the $70k covers the first balance and closing costs.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

We put 5% down using an FHA loan and currently have an outstanding balance of 450,063.We have a PMI payment of about 300.00 per month. 

If you buy it for investment, you should do the proper due diligence to understand the situation of that property, how much is rent for?

Instead of going the attorney route, I ended up working with National Debt Relief, and it was actually a game-changer for me.They handled all the negotiations with my creditors and were able to reduce my total balance significantly.

You still want to know the balance sheet, rent roll, and expenses, but most people who talk about CAP a lot are over-using the metric and not seeing enough properties in real life.