When I realized that my talent at fixing things is a total fiction my presence is not necessary.

Demand will be strong at this price point as the competition will be significantly inferior quality.24 unit complex (4 buildings x 6 - 1br units) built c.1978 - end of life interior but exterior structure / mechanicals appears sound.NOI forecast at 83k.Renovation budget at $375k inc contingencyPurchase price of $250kOur Bank will go to $565k @ c.4.25% for 5 years with 25 year amortization - they hold the note for the existing owner and know he is slipping into the default zone.

It seems developing strong relationships with a bank can add a little wiggle room.Thanks again for the help!

While I invest in multi families I have developed a certain style of 2 family or even mother daughter single family that I find works really well...I Strongly prefer the 2 family that has a bigger apt on first fl.

I am going to give it 12 months strong…110% Let's see where it takes me, Sept of 2013 (End of Year Documentary) Is it going to be a GRAND Year of course… I expect the best...

I strongly suspect this happened last summer; I was told by my father in law at that time the garage was rented and when I asked about it, the rent started showing up on the next month's statement.

Strong financially.

I do feel strongly that if I put some extra work in during the first year, I will reap the benefits down the road.

When the lending environment is strong you’ll see a lot of people break out on their own.  

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