The Condominium is high rise new building w/ high service luxury amenities including concierge services, valet parking etc.

I’d suggest researching and staying open to different markets, then narrowing down your options to start building your team.

I am open to the idea of building a duplex or purchasing a preexisting home.

Yes, we are currently doing spec builds in our market, for market sale.

The cap rates seem to be inconsistent and not aligning with really anything...3% to 5% on older buildings with higher risk, not great tenants, in not great areas and not a lot of cash flow or even negative cash flow based on current listed price.  

Want to get more of your questions answered about starting your first flip or building your flipping business?

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

Hi, good afternoon my name is Cesar i’m new to the biggerpocket forums, I’ve been reading the book rental property investing by Brandon Turner that’s how I found out about the forum. At the moment we are renting in Mi...

Your LTV seems impossible given you did not start with much equity and there was not enough time to build equity.  

Our lease indicates each tenant has to provide for the quiet enjoyment of all other tenants, as well as those living in neighboring buildings or houses.