Hello all,  my name is Bryan & this is a short post about my 1st flip success story (pending closing).I decided just over 1 yr ago that I was going to become a real estate investor more actively.  

@Bryan Salvador -  Welcome to the BP forums! 

Originally posted by Bryan Alenky:i disagree guys...for your first property or 2, definitely go by the 50% rule.

Bryan, I see this more as short term transactional money rather than long term financing money.

Originally posted by Bryan Alenky:i wouldn't go by tax values/tax assessments, etc....they're way off in most areas...if the hud appraised it at 30, that's prob what it's worth...btw, it's not hard to add a washer/dryer hook up during rehab....i'd take 1,000/month rent to be all in for 40,000. if you're going hard money, be prepared to refi though.

i've noticed through the forums on here that some say dont buy in the rust belt for whatever their reasons are,and some are,i would like to know everyones opinion whether its negative or positive on buying multifamilies in these states of ohio,pennsylvannia,indiana,and michigan and being from out of state,reason being im finding quite a bit of deals their and some cheap prices.Anyone actually buying at all?

What I am really looking for is the rewrites and mods...the improvements to the standard forms.Bryan - Thanks, Bryan.

Originally posted by Bryan A.

Bryan A. yes you're right this deal is very thin.

I do as Bryan A. said - use same brand and just change outside parts that have key slots; tenants comprehend that the old key no longer has any chance of opening locks that are physically changed this way.I have seen the landlordlocks.com product demo'd in person, and that is the way to go once you get lots of units - mainly because you still can have a master key that accesses any lock.