Using the 70% rule this corresponds to about 75%However, I'm struggling a bit with how low I should go.

High interest rates wouldn't be a future concern on a current deal, since my rate is likely locked in for at least a few years depending on the financing structure (more than enough time for the Fed to change course and yields to lower, corresponding in higher MBS prices and lower mortgage rates).

Its not their fault its because they are a correspondent or a wholesaler.

It should include milestones and deadlines for completion, as well as the corresponding payments.3.

She said that you CAN take proceeds from closing without paying personal income tax on it as long as the business’s tax returns reflect a corresponding decrease in your cost basis for the property (by the same amount you take).Here’s how we understood it: if the refi amount for example is 100k and we take 10k, the cost basis when we go to sell the property sometime in the future will be lowered to 90k.

Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenants: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

So your SMS campign looks like this:3000 messages a day = 90,000 a month (not 60,000)This means that in 6 months you have sent 540,000 messagesWith a 12% response rate over 6 months, this corresponds to 64,800 responses in 6 months.This corresponds to 360 responses a day.You said that you sent 3000 messages a day. 

Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenants: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

White the real investment question is, where can you get the best rate of return on the money with corresponding acceptable risk?

Does anyone know if this exception is actually true, and if so, can you please point me to the corresponding law explaining it?