That won't change HER mind usually but if lots people are getting full price for fixers in your area that could indicate you will have a tougher time getting deals.

I have to say, I think Dayton is a tougher market than some for flips just because the scale of home values is lower.

Not at the bubble levels, but definitely making it tougher to find good deals.

There are some investors who thrive in tougher to war zone type areas for extra yield but they work very hard for it and have a ton of risk so I find it is not for a majority of investors.

When the people move out of state from where the judgment is at collection efforts get tougher and more complex.

I promoise "fix & flip" sounds sexy, but it's a lot tougher and less financially rewarding than you think.I agree with most of the comments above.

He says that the IRS is getting tougher in their rulings, and that 60% is probably better to avoid audit and negative audit determinations.So, I'm now paying myself 60% of my income as salary and 40% as distribution.Please don't construe this as advice on what you should do...I'm just relaying what my CPA is telling me and what I'm doing...

That will probably be even tougher to find.

Most will give you credit for the bonus income so long as you have consistently received it over the last 2 years and that its likely to continue.As far as getting pre-approved via a credit union or a bank, keep in mind that credit unions are regulated much differently than banks and mortgage bankers, so they typically dont have the depth of programs and cant go to as high of an LTV on the purchase as a bank or mortgage banker / broker can.As far as 4 units being tougher to finance.

Getting that first deal can be tough; tougher than all the 'gurus' make it out to be in their marketing!