Several factors indicate the company is not that concerned about efficiency or ease of customer process: the website, a process that seemed to focus on one issue at a time instead of all issues at once, and consistently poor communications and lack of common sense from the loan analyst we were assigned.It started off very well with the initial point of contact, Austin Lornson, who did a fine job of explaining the general refinancing process, responding quickly and thoroughly to our questions.

Right now my focus is going to be on the fix and flips to start generating some income. 

Great start to life. 

I'm looking to replicate that in Houston so I can start flipping in that market.

To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process. 

Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.

The higher the risk, the higher the cap rate, the lower the price.My advice to anyone who is getting started: buy something safe.

To get things started was curious from those that have already taken the leap as to what type of secondary analysis you all are doing when you find a potential property?

,Thanks for sharing the article and starting this discussion!

Ditto on Start with Strategy!