I feel like rates will come down over the next 6 months or so.Unless you find a screaming deal that you just can't pass up, then bide your time.

Let's stay connected and continue to learn from one another. 

You can go as low as 2.5x in some cases but NJ tends to produce enough traffic/applicants where 3x should be minimum unless property is over priced.

We've taken over a lot of turn-key properties that were turkeys because the rehab and PM were terrible.

The risk analysis and mitigation is all over the map.We have done very well over the last 15 years.

The Legends stuff go on sale all the time and are pretty high quality.I have this one at home - https://www.atgames.us/products/legends-gamer-proSurprising quality and you can load a different firmware and have access to over 1000 old arcade games.

Just be careful your expenses and time to complete don't go over.

For property security reasons, please send me a photo ID and your number, I'll be happy to call you and set up an appointment after I talk to you and go over a few pre-screen questions.

Also you can give the property a look over while you are there.

Purchase price: $145,000 Cash invested: $15,000 Sale price: $180,000 2017, I tackled my first fix-and-flip—a 2004 double-wide mobile home on over an acre that needed a complete transformation.