@Gene Chen Do you have preliminaries?

I was just making a preliminary call, and incorrectly estimated about  3000-4000  in taxes.

Deal Details:Sale + Rehab = $69,000 (cash)Comps = 64,000-94,000http://www.zillow.com/homes/comps/42211062_zpid/ARV = $92,000Rent: $875-$900I've been told by the mortgage broker, the preliminary appraisal, and the turnkey provider that there will be 25-30% equity which meets my financing/purchase requirements.  

I'd wager that is less than 10% of commercial landlords here.

I was doing a soft pof as a preliminary...investor quoting the bank and banker., type of funds sometimes the account...Now I do believe that many are wanting to know specifically up front from a banker not to waste time or hold up anthing....anyway, thanks Christian

Or are you breaking ground in the winter where you have to wait for a time where temps are above 32FIn general, we build a ~3000 square foot 4/3/3 in 6-8 months once we break ground but it can take 2-3 months of preliminary work before we can even break ground.  

Do some preliminary research and share where you'd like to be.

However, there are some drawbacks to this program. 1st of all, by doing some preliminary research, it looks like one could expect an increase of 50 to 75 bps on your interest rate.

A group of guys and myself are in the preliminary phases of jumping into the buy/hold business within the next year or so, and I've been educating myself via long stints of podcast listening at 1.5x speed and reading everything I can get my hands on.

Do you have a preliminary title report showing it clear and you completed a SI ?