I recently had issues finding financing at an 80% LTV (i.e. 20% down), most banks wanted to lend at 75% LTV (25% down), but I called numerous banks (probably around 10-15) till I found one who would give me 20% down.

This is after numerous emails, and texts to him that have gone unanswered.

Some elements to consider are:1) Do you have the capital necessary to execute the renovation plan?

Account Closed It's an interesting concept...I wasn't aware of the numerous tools out there...as an agent, we have access to Core Logic data and REALTORS Property Resource...we can grab 2 AVM's and RVM (Realtors Valuation Model) based on direct feedback from agents in the market...but that is all I have ever used.

Ways to find deals are numerous but the easiest and cheapest is Driving for Dollars and Door knocking.

As an aspring real estate investor interested in buy and hold rentals, I've spent a great deal of time thus far leveraging the numerous BP resources and am now looking to upgrade my BP membership to fully capitalize upon the great tools and utilities available.My question to the group: Would you suggest Pro or Plus?

I’ve read a few post here on BP but still feel out of my element.

I have told them numerous times it would be in their best interest to list the property with an agent in order to receive the full amount for their equity.

Assuming this is on the up-and-up, fire damage isn't the end of the world if you have a good contractor...and assuming the place hasn't sat in the elements for 2-years growing mold on drywall....still houses are sturdy and some of the things that scare people away can be fixed. 

Put NOI in the numerator and divide by Annual Debt Service, must be greater than 1.25x.Costs for repairs really depend on how much asbestos you have (you might not have any) and cost to replace K&T wiring (depends if the wiring is accessible from a drop ceiling, in an exposed basement, open attic, or behind plaster walls that will require some cutting and patching.