I also know of several websites such as "Rentometer" and "RentSlicer" which help to further nail down the average rents for an area.That being said, how do I find the average vacancy rate and cap rate for a specific area?

I'm sure too that if you take pics of what you do for Habitat and the end result, you'll have enough of a portfolio/resume to get strated.I'd also suggest that you nail down being a CG first then become an investor.

Sounds like they nailed me :oops:

A letter of explanation about what happened and how you got nailed with the credit issues might help you.You also need to be careful in putting all your money down, especially for a rental, as you will need reserves for repairs, maintenance and preparing units to rent.

If you nail it then your rehab can be smooth sailing (mostly) and get done in the least amount of time.

Jon has it nailed.

Brendan has nailed it - all HELOC products that I have seen all are ARM, and then there is no principle being paid down ...

I think Mitch hit the nail right on the head, it all depends on the situation and cost.

From work done all the way down to a box of nails.

yep these guys nailed it..the most important word in my formual below is REALISTIC...so:Max offer= (Realistic ARV *.65) - Realistic Rehabsome people do 70%..some do 65%...it's best to find out what your buyers will want