Take that for what it's worth. lol - PreQualification TBD letter versus underwritten lender Pre Approval.

It seems like there are paid services that will give you interior design to set up an str, buy new furniture, ship it and install it. Or you can DIY from Facebook marketplace, Craigslist, thrift stores and furniture s...

I'm having issues getting property under contract.Agent/seller wants a pre-approval of funds first.I can't get a pre-approval for every property or is that the way it works Thanks

Transaction costs, seasoning, pre-payment penalties, DTI impacts, minimum lending requirements (more than 50-60k), and a long list of other issues make this a bad strategy.Buy 1 and see how it goes.

I just listened to one of his youtube videos mentioning the VA will do everything for you, send you leads and can even pre-Scan for prospects and even send to attorney for closing.

Are you pre-approved?

That's the approach a successful DIY landlord must incorporate.

All 500 of my deals (more then 2k of my colleagues) and many many of the props I own are all from PRE 1940.Heck my 7 unit I think was built in 1910, I get about 20% NET on that. .The 81 unit I believe that was about 1935.

That covers the existing structure and the renovations as they are incorporated. 

Not a lot of foreclosure activity because of all the equity gains, but that may change in the coming years with the loans on the mortgages written in the last 1-2 years being much higher (aka normal compared to pre-COVID).