This program is also winning on our weekly interest rate survey at the moment.Here is an example of a loan summary put together for a client last week.

It usually works out that way, or i end up coming up with a smaller amount in cash to supplement.The property: I have a duplex that i purchased in Washington end of last year.

For the last 5 years, I have been self-performing live-in flips with my wife and two young children.

However, lately I have been seeing appraisals come in lower than anticipated so be prepared for a value cut (Subject to your market of course)Lastly, you can do a delayed purchase and use 100% of the initial cost so as long as the loan amount does not exceed 75% of the new appraised value.

For a construction(or bridge) loan, most lenders would want 2-3 projects(buy, rehab, hold/sell, construction) experience usually in the last 3 years minimum.

This is the situation in Reno, NV right now the cash flow is not huge like in the Midwest but the appreciation is strong because there was limited new construction over the last few years.

I enjoyed watching your video and was thoroughly impressed by how you manage your operation, ensuring a smooth experience for your tenants.

I just moved to Buffalo Grove last summer and work in Lake County too. 

Lastly, what is your recommended self managing software for leasing/screening, maintenance, etc? 

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.