Areas near Melrose Park are C+/C- with the rest of it straddles from C-/D+.

For instance if you are looking at homes in memphis TN or in Birmingham AL or Cleveland OH and you are paying 50-70k for a home then investors are going to be looking for 20-25% C/C returns, due to higher risks which i wont get into here.

And it's ok to CC me on that email so I can say Hi! 

Originally posted by @Eugene Stokes:Yes yes I'm in my third day today is Saturday I am still skeptical a little exhausted and I am trying to understand why I have not retained any of the express information that the instructor has been throwing out there for 2 days maybe it's just me. and I don't understand why I am trying to pull credit to pay for a program that I thought was doable for the $1,147 I spent that was my introductory cost after attending the class on the second day I find that there are advanced classes that they would like you to apply for I'm a little confused so I'm not only using their resources but I am buying into a system that I had no idea that I was getting ready to buy into LOL if this makes any sense please reply note I am submitting retirement documents regarding my 401k bank statement regarding my savings and banking account checking and I'm online applying for a $20,000 credit line help reply thanks. careful these are education companies your just paying 20k for an education.. that's all.. there is no magic to this and snap flipping Is just another term for being a wholesaler and there are tons of them on BP who  will gladly help you for free or far less.these guys make their money selling you information.. and its all very well scripted and laid out to get you to run up your CC to pay them.If you cant stroke a check for it.. then your not ready to enter this business as all.. if you run up your credit card how are you going to get any other money to operate.. ???

I have a CC with @ 6%.

So far the only company I have looked into was CC realty.

@Michael Plaks I'll take a stab Michael...Number 5 may have a wrinkle if a personal CC was used that had a balance beyond $20k, some or all of which is non-business debt.

A quick glance at housing affordability in AustinMedian Household Income App (Forbes): $73,493 ($6,124/mos)Cost of Living (Forbes): 15% above nat'l avgMedian Home Cost (SFR-ABOR Stats): $302,250Assume 5% Down Payment Conventional Loan- 30 year amortization- $15,112.50 down pmt + any closing costs• Percentage of residents with less than $1,000 saved: 56%• https://www.gobankingrates.com/…/…/americans-savings-state/…- $287,137.50 amt financed- 4.375% interest rateHow the payment looks:PI= $1,433 mosIns= $105 mosTaxes= $458.33 mos (Assume $5,500/yr)HOA= $25 mos$2,021.3/mos PITIDTI’sHousing ratio= app 33% @ median income ($2021/$6124)FHA should be at 31% or less with Conv/VA/FHA being around the same although all have exceptions in placeTotal DTIThese hover between high 30%’s to manually underwritten total DTI’s in the 50’s or higher depending on the programs@ 45% Total DTI Ratio and assuming the above PITI pmt that gives a borrower approximately $734 per month in all other creditor debt (cars/cc/personal loans/etc)These numbers are not perfect but are rather a quick illustration of current housing affordability in Austin for Retail Buyers.Summary: Housing is becoming less and less affordable in the COA for end retail buyersAssuming increases in property taxes/insurance/interest rates on the horizon how does this affect us as investors?

., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).

The balance would actually be $180k broken down and was/will be used for the following:25k - down payment on previous rental acquisition25k - refurbish our home - already spent50k - consumer debt (both cars and $15k in CC debt)80k - new primary residence down payment We'd actually cash flow $1,000 more a month with consolidating debt.Is interest only HELOC worth it?