We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

@Richard Rafferty, given the relatively small nature you are looking to take on with your first syndication, personally, I would find it hard justify the typically 20-30k+ for a paid mentor. 

Hi Michael,10% down is widely available with good FICO scores and cookie cutter deals (rehab<purchase) typically above 720 even for first timers.

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

I am interested in potentially buying a trailer park as the investment is in the land and the tenants rent the lot, bringing their own asset (mobile home) to the location and typically, they stay for the long term. any invoice for a new real estate investor trying to get into this business?

The reality is that imposing expensive and time-consuming sprinkler installation requirements will drive property owners to either scale back necessary renovations or avoid permits altogether.Currently, when owners propose substantial renovations, they are often informed that their projects will require sprinkler systems, which can cost around $45,000 for a typical three-decker.

Too risky for us.Regarding additional guest packages, you can easily change your tax situation by offering what the IRS calls "significant services".

Also, for context I am renting out my first multifamily property in the Boston area:- How typical is haggling when it comes to agreeing on rent?

.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).

Richmond certainly would have some potential in pulling trades from, but coming from Lexington, you might face an added trip charge on top of the service provided.Over the past few years, rents have increased nationwide.