(Say on the initial purchase if someone is buying right now).3) I can lock in a guaranteed better rate now and enjoy the lower monthly payments now, and only pay maybe 1 or 1.5 points instead of 2-2.5 points later when I have to hope that rates come down again.4) This also saves a lot of time which is an important consideration as some refinances can take 30 days and a lot of paperwork gathering and headache etc.Again, my thoughts on this largely revolve around risk aversion. 

I’m also putting together my “dream” team and interviewing attorneys, title companies, lenders, real estate brokers, contractors and magicians so I’ll be fully prepared when the 100 postcards I send out to randomly selected people results in the 14 offers to sell their notes that represents the average 14% response rate to junk mailings. 

The Sellers Agent said the Seller would fix the issues after the closing date and that we would be able to choose all the contractors.

Just know that it’s normal.Next time, you should ask for another investor or contractor that you trust to look over the inspection report with you.

Rehab: Coordinate with local contractors to perform quality, cost-effective renovations to increase property value and rental potential.3.

We set up our infrastructure and are very organize and thorough, and through the year we made some significant progress and went on a learning phase to get better each day and closer to our first deal.As foreign investors we have to rely on hard money which gives a less edge, and face uncertainty with contractors not knowing real pricing and such.We are constantly on the look out for new investment opportunities.The problems we are facing right now is not knowing good contractors and the high competition on the MLS.We just started learning more about off market properties and sending direct mail.We would like to hear from your experience what should our next step be as newbie investors, and if there are some foreign investors here with tips.Thank you so much guys, best of luck to all! 

We plan to build on our “Deal Finder”, introduce a mobile app, and build out solutions to help investors meet contractors, lawyers, wholesalers (avoiding wannabes who just bought some guru course), and maybe foray into commercial - allowing investors to connect with Commercial Brokers. 

Also - does anyone have any General Contractors they have had a good experience working with for rehabbing properties that are old / decayed?  

If that's the case, most people would be better off putting your down payment into a CD paying 5.5% interest.But if you have a long term horizon, use leverage appropriately, get personal use out of it, and actually enjoy the business part of it, it's a great asset to buy.

All contractors and all subcontractors need the SAME set of plans and it saves so much time not having to measure and re-measure.