Doesn't mean I hope for that much (% wise) every time.

Hello everyone, im currently 21 years old and looking to own my first multifamily building by age 25.i need some advice on how/where to start, i have 25,000 for a downpayment, but i cant decide if that could be used more wisely for repairs/ maintance.i can use my VA loan and buy up to a 4 unit multifamily with no downpayment as long as 1 tenant is a veteran (myself) which would be more benificial to maximize cash flow??

We always try to choose renovations that make it easier on us in the future, time-wise and maintenance-wise in addition to what is expected for the area.

You've wisely chosen the field of real estate!

"That's NOT TRUE.When you apply for a loan with an HML they have certain requirements to loan the funds to you.They will charge so many points,they will want to see your credit to know if you get stuck with the property you can refi and pay them off,they also want to have an appraisal so they know the property is at a certain LTV going in.All of these things and more is why a HML is a loan and not a cash offer with no contingencies.A cash offer with no strings is YOUR MONEY sitting in a bank account valid within the last 30 days buying as-is with no contingencies.Exactly - the banks and title companies are wise to how all of this works, and know that a HML can pull financing at the last minute if their criteria isn't met.

How can I capitalize on them if my goal is investment and not just a roof over my head.Would it be wise to invest in a property, yet pay rent elsewhere?

And as a wise man once told me: measure twice, cut once.Here is a link you may find helpful:http://www.ehow.com/how_8098506_trim-molding-installation.htmlAlso, you can go the extra mile by adding corner pieces rather than just joining the two sides:http://www.wishihadthat.com/crown-molding-corners.aspxHope that helps!

There were other business transactions and RE developments as well and had I approached others simply as a street wise Realtor type,instead of a finance guy, I doubt anything would have happened.My degrees did not come with any guarantee and alone are not a ticket to success, but it sure made the road alot eaiser for me.

Leverage used wisely is a benefit, leverage used irresponsibly is a huge negative.

If you're asking if it is wise to buy properties from people in foreclosure and then rent back to them, the answer is NO.