My rules of thumb for op ex ratio:New product 40%1990 2000 product 45%1960 1970 1980 product 50%+

This is most common with GSE products like Freddie Mac and Fannie Mae.

Nathan's situation won't though if he's buying finished product slightly below market value.

I've found great demand for the product, but everyone backs out when I ask them to do the following.Fill out an applicantGo through the background/credit checkPay a security deposit or move in feeAm I going about this wrong?

I do have four years of experience working in mortgage departments for two of the biggest four banks in the US, so if anyone has casual questions about residential mortgage products, but you're not necessarily ready to talk to a lender, let me know.

Or use a trim like Azek that is a PVC product, and caulk the heck out of it.

They will pay high prices to meet needs that are not income producing - they are shopping for a different product that is provided from the same stock that our income properties come from.2. having deep enough knowledge of the neighborhoods to allow us to recognize a good deal takes a lot of time.

Turn it into a self directed IRA and invest in a syndication or other type of RE product.

@Edwin Saldivar  We have a no seasoning product for non-owner occupied property that would allow you to pull cash out based on the new value.

DSCR is a business-only product, so you cannot owner occupy.