It was in our list to potentially expand our portfolio, but we already have 3 properties close to the shoreline....perhaps one day.

When you allow users to delete their own posts, you disrupt the flow of conversations.This is an OPEN forum, not just a closed network like Facebook.

Secluded in the woods, but still close enough to town.How did you find this deal and how did you negotiate it?

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

The good news is that there are plenty of investors who would be interested in the property as-is and even more investors interested if:- The property is in an area they are familiar with- The property is in a desirable area- You are deep into the eviction process (it seems as though you are)- You can deliver 1 unit/floor vacant (this could happen before closing)That said, if you can keep it, I'd say do it.

We just closed on our first investment property and we jumped right in with a quad plex.

If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one. 

My company offers fast-closing, no credit/bad credit loan packages in 44 states and referrals in the other 6.

@Anthony Finelli check your mortgage paperwork for the Truth-In-Lending form to find your APR.APR is your effective interest rate including interest, MIP and closing costs.If you can refinance the rental at a cheaper rate than the APR, then you should!

We just closed on a 71-unit apartment complex, our largest purchase to date.