@Dawn Anastasi Bats are just like birds but they are half vampire :p

Thx Rolanda, I recently listened to a podcast by @Dawn Anastasi and she mentioned using Lending Club or Prosper loans.

Hi, Jon & Dawn, Your opinionn is really treasure for me.

Thanks, Dawn!

This particular search found the following (off the top of my head): HOT wires loose under the insulation in the attic; non-working plugs and switches throughout the house; numerous aesthetic QC issues; showers/sinks with no hot water owing to incorrect plumbing; a hot wire SPLICED INTO A METAL LAMP CORD found in the attic… In a nutshell, his entire house had to be rewired because Bob had turned it into a FIRETRAP; on top of this, two dishwashers were “removed for faulty (insert excuse here)” and replaced with inferior models, in addition to a stove, during the three or so week period.Now, let’s go back to my place.

I have no idea what I'm saying and it doesn't dawn on me he is still thinking about the deal.He says again, "that's nothing."

Dawn I would say the rate is high because of this:"Bank will do the deal at 15% down and 10 year fixed 6.5%"Only 15% is being put down instead of 25 to 35% the typical bank is asking for.So they price potential of default and all the other factors with appraisals and equity spreads into the rate.For much larger down the investor on the loan will take a much lower rate if it is a premium property.Less risk-less return is almost tied to anything.You need to go back a few years at least.I like to go five to ten and see how much insurance and property taxes have risen for that property on an annual basis.If they have not risen and stayed flat or went down I find out why.Could be a mistake on the city or counties part and it's fixing to go up or could be a temporary assessment relief program etc.The point is if these sharply rise in the near future it can throw off your projected numbers.I would try to fight the property tax if comps support it and get the taxes lowered to increase your bottom line.Regardless of age if you mishandle a a property (even a new one) and get crap tenants in there your maintenance costs will be huge.I have seen the wrong tenants DESTROY and brand new looking apartment in a matter of months.They also created a bug problem for the other good paying tenants that kept their place clean.With my buildings I have it in the lease that we do unit inspections every few weeks and if they do not keep the place clean then we evict immediately.When tenants apply we find when we say this upfront it gets rid of the deadbeats wanting to live like slobs,have unauthorized pets,and have big parties that trash the place.When factoring repairs is this property local to where you live??

Ordered a new dishwasher for my primary this morning.

Do you get away selling them without a dishwasher or refridge?

and it's finally dawning on me how much I still have yet to learn.