Hello everyone, I'm new to the real estate investing world, I've been doing armed security for the past 20 years, worked a lot of hours and just wasn't going anywhere, then i stubbled back onto Robert Kiyosaki YouTube channel, and membered learning about it some back in 2007, then started watch Ken McElroy learned as much as i could from him then i saw David as Ken's guest and that's what introduced me to BiggerPockets, and have been watching videos taking notes trying to learn as much as i can and trying to get started at the same time, and found some hard money lenders (because I knew I couldn't get a loan from a back with my credit score and just getting started) four of then said sure will give you the loan talk about being excited then they hit me with will give you 80% of the LTV and you have to put the 20% down, my mouth dropped and another guy said there's going to be a 15k PMI added onto it and after I explained I needed to figure out how to come up with the 20% plus the 15k he blocked me on Facebook, so i began asking friends and family for the loan but ended up at a dead end, so with one of the hard money lenders i spoke to and kept in contact with offered my a loan officer position and explained the pay and everything, and in my mind i was like oooo if i get 5 of these deals i could have 20k, which would be enough for a down payment for the LTV on a condo then do the BRRR strategy on it, so that's currently where im at now.

Just make sure the tenant clearly understands what how you plan to use the property and get their explicit approval.

From my experience a place looking good on the interior is the least important thing when it comes to CapExThe stuff above will cost an arm and a leg.

It's done by attaching an explicit statement to your 2020 tax return, referring to Rev Proc 2020-24.

Finally I've done several house hack deals recently utilizing a 5% down conventional ARM loan to purchase a 3 unit as well as a 4 unit property.Starting locally by house hacking is a safer investment than going out of state.

The loan amount will be around $577,000.5/1 Arm 4.5%, interest only + 2 points (around $12,000)30 year fixed rate 4.75%  no pointsThe payment for the fixed rate will around $1000 more per month than the 5/1 arm but it's also paying down the principal.

Hi Andy,Flocked or not, you might want to consider paying a service to remove it.It's a lot of arms overhead scraping and at the end of the day you'll be glad you did.A good painter might have the equipment to do it.And with 3 guys on it--bingo--gone like it was never there.Just have them leave the wall in paint ready condition--and you may have to prime before painting.Also spec broom clean when done and provide them with somewhere to discard the demo refuse.Good Luck!

7 year ARM How did you add value to the deal?

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

As an addendum, does not being explicitly allowed or disallowed by city code affect financing, be it hard, conventional, or commercial?