We've subsequently closed portfolio loans with B2R, Firstkey, and Colony(6-7%,1pt).So far, its been a pretty good experience, but our velocity of capital is not living up to our ambitions.

He is an example of language I included in our subsequent correspondence.  

There is lots of free info around this BP site too.Many successful real estate investors will have their maximum Offer worked out to be a certain percentage (say, 65%) of what their best research tells them a property should be worth as-is, so that they ALWAYS have plenty of wriggle-room in case their research doesn't match subsequent reality.

The elderly ladies decided to crank the a/c so cold (64deg F) that the subsequent heavy condensation forming on the old metal venting started dripping through the ceiling tile & dining room light.They finally compromised with a higher temp, bought a dehumidifier & have repainted the ceiling tiles. 

You should also be able to secure a rate below 3.0% if you are willing to go with a 5-yr term variable rate product.Now, if you mortgage broker is finding you products from tier II lenders, then you will get a larger mortgage (though technically you still need to qualify at the BoC 5yr posted rate w/ a 25yr amortization) as they have more appetite for risk ... you will also pay for that appetite 4.5 - 7%If you can produce signed leases and tenant estoppels for the property you are purchasing, most of the banks will count 50% of the rental revenue in addition to your earned income {some use to count up to 70%, but most have pulled back} for qualification.Finally, #2-#4 are essentially rinse & repeat: you will have to qualify for each subsequent property considering the debt of prior mortgages, but you will also get to use 50% of existing rental income.When you arrive at mortgage #5 things change.

I admire the aggressiveness, but temper this with a broader knowledge of subsequent processes.

To add some context to the meeting: This is the 1st meeting of hopefully many and the goal is to organize subsequent ones and discuss lining up presenters, locations and such.

Like Cleveland others not so much. there simply is not enough money in the budgets to mow the lawns and or demo the houses.. since the subsequent dirt that would be left over has zero value as the existing homes sell for less than replacement costs..

Rich Dad Poor Dad and the subsequent advisor books, the BiggerPockets podcasts and others make for great listening at the gym, in the car or just when i am around the house cleaning.I am also a business reporter, which I hope has given me at least some background in some of the broader topics.

If you read the subsequent posts you saw where we discussed everytime the rent was late you do an inspection.