What type of properties are you looking to add to your portfolio?

When you learn to partner with professionals who are well-versed in this segment, most distressed property transactions are quite straightforward.Myth 5: Distressed Properties Are Not Obtainable with FinancingThere is this perception that distressed properties are cash-type deals.

I can likely do this loan, but in all fairness, with this type of loan I suspect a community bank is going to beat me out.

Walking through, I can see that owner is the type that spares little expense with his own properties. 

Has anyone been in a similar position, or has had success offering this type of agreement to a previous owner of a property who has not yet voluntarily vacated?

Also your permitting process, type or land, grade of land, if underpinning is required will all play a factor into your cost. 

And then, you ask your soon to be tenant during their walk through, if they are familiar with that type of lock and how to use a paperclip or stiff wire to open it.

Hello Meghan,What type of investing would you want to get into?

Reach out to a loan broker with your exact info and the exact or at least type of property you want to buy and they should have options and opinions. 

Type Line Item Fee Fixed Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $600 Variable Fees Business Hour Service Calls $90/hour + Materials Cost + Tax After Hour Service Calls $120/hour + Materials Cost + Tax 3rd Party Coordination HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Negotiated Vendor Cost + 10% Oversight Fee