This program utilizes an interest only (interest is capitalized into the mortgage) construction loan that automatically converts to a 40-Year Permanent fixed rate mortgage upon completion of construction.90% Loan-to-Value40 Year amortization40 Year Term (no balloon)No maximum loan amountLow, fixed interest rate, based on market spreads over the Ten Year Treasury yield.

Asking $2,300,000 72 units - 1 bedroom/1 bath - 700 Square Feet - $460 monthly rent8.3 Cap Rate - great for area98% occupancy rate - due to low rents for area49% expense to income ratioFishers, Indiana• Upside Potential due to below market rents and continuation of utility sub metering• Attractive, low maintenance, all-brick exterior• Located in the VERY desirable Redevelopment area.

Just make sure that if you look at anything built before the Hurricane that you do your due diligence well, like any other place in need some contractors came in a did piss poor jobs on the homes an ran.I have a cop buddy down there too that bought a new home after the Hurricane I want to say he payed in the 120's range or so, nice little place i believe it was a 2/2 I would have to ask, it was in Gulfport.I did see a few weeks ago an REO property just north of the coast line in Gulfport that was a new subdivision development for sale, it has something like 70 plots laid out if I can remember correctly, the website pictures showed minimal readiness and I don't think utilities had been run yet, but I remember seeing the letters from utility companies and the State Dept of Agriculture about the land.

Most investors that I wholesale to either use hard money or have developed relationships with banks and utilize commercial funding or cash and not conventional financing.

Its strategies include adding bilingual loan officers and creating alternative credit-scoring systems that take into account rent, utility bills, child care expenses and medical payments.

Set up in Excel I found I can get 10 properties per page, and I print it on heavy stock paper because it gets a bit dog-eared by the end of the year.At the bottom of the last page I put in important phone numbers that I got tired of looking up; Electrician, A/C guys, utilities, Justice of Peace Office etc.

Free rent, free internet, free cable, free utilities, and send them on a weeks paid vacation to Hawaii after 10 years.You don't even want to know where I sent one after 20 years.www.aaoc.com has an Instruction sheet employee information for apartment owners, it says if the rental value is not being used to meet minimum wage requirements, and is not used as a credit against wages, there is no upper dollar limit other than the 2/3 rule.

I take the monthly rents minus utilities multiplied by 50, and that should be the most I am buying it for.

If you are anxious to find another niche to be able to utilize what you have learned, but earn MORE money, then I would ask that you contact me.

I utilized hard money lending on purchasing all but one of the complexes, and that one I seller financed.