Verifying last 2 years of rental history very important!

Focus on growth areas, understand local regulations, and use your rental history to build credibility with brokers and sellers.Good luck!

Usually only commercial properties with established operational expenses histories are evaluated by cap rates and then those cap rates can also be applied to buildings in certain areas representing higher or lower risk areas.

Either way sales is dog tough and the vast majority of folks out there watching these u tubes and getting excited simply do not have the chops to do sales its not in their DNA or personality  or family situation.Our Daughter in Vegas who has been selling RE for 9 years now is doing very very well..

I lived in the Poconos for a few years as a kid and my father still lives just off 33 near Wind Gap so I know the area pretty well (and my daughter's up in Bethlehem). 

The posts here are those folks whose credit history is exceptional.

My tenant has no evictions or criminal history.

In most places you can deny on credit and criminal history. 

Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.

Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.