You have to find a stellar deal and usually it is snatched up by an investor before you can blink an eye.

My CoCR isn't stellar.

We both have stellar credit, but debt to income is wonky with all the recent real estate.Pls help, I feel like I'm sitting on a gold mine but can't figure out how to get to the gold...PROPOSED Deal #3: 4/1.5 SFR in suburb of Detroit Acquisition cost (including rehab): $55000*Current estimated value: $90000Gross Rent: $24240 (rather high due to the crashpad niche) Vacancy (5%): $1212Expenses +Capex: $6480NOI: $16548 Annual Debt Service: $3850Annual Cash Flow: $12698Cap rate: 30%*This is a pocket listing/not on market.  

You probably didn't buy that property with FHA financing and got such a stellar deal where you can now afford to "flip" and remain profitable.

Hey Dallas,I'm a local rei/wholesaler in the Jacksonville,fl market.I'd have to say Jacksonville is a great market for turnkey properties rather your acquiring in the low crime area's or some of the more not so appealing low income area's the (1) thing that you will need is a stellar PM to help you navigate through our ever so changing neighborhoods.Well if you decide on Jacksonville inbox me if you have any questions needed answeredThanks,Mocellie

Brandon's blog is stellar for sure, as are his post on the BP blog.

Much better than CD's, but not exactly stellar for a risky, high-hassle real estate deal.Both calculations are saying this is an OK, but not great, deal at the price you're wanting to pay.I don't doubt you can get financing below 6%, but I do doubt you can get it for 10% down.

Foreclosure/bankruptcy I MIGHT ignore, if A) it was at least two years ago; B) there is not a rash of abusive consumer items that precipitated the foreclosure; C) There are no NEW late accounts or collections since the discharge (and ideally, there is some new positive account information); and D) everything else, especially landlord reference and steady employment checks out "stellar".

While it is not always the case, many times grantee's have less than stellar credit and thereby didn't qualify for a loan in the market to actually buy the property outright.  

I have stellar credit but my Debt to Income ratio is slightly high.