Hi, all...

My property is in 5th ward but in a more gentrified area with several new builds on the street that are occupied and 4 more being built on the street that are all for sale.

No lender will lend on a deal that doesn’t make sense.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan at a title company of your choice.6) Begin work and make draws on any repair balance.

My only concern is my schedule changes all the time meaning the days I’m not scheduled to work can change to now I’m working.

I’ve updated some plumbing, new fixtures in all kitchens, about 60% of lighting fixtures, replaced windows on 2 floors, added new appliances on two floors, painted entirety of house last year.

I do work all over the US, so I would be happy to chat and explore different markets with you

With 5% down, mortgage all in would be $4700, 10% down $4500/month, 15% down $4300, 20% down $4000/month.

You have to report all other types of income to WV besides Wages and Salaries.Therefore, yes, you would report the WV Rental income to WV.

The investors who were totally ( or at least MOSTLY) honest in all their dealings ending up with real estate produced net worth $3 million or more.I don’t know why this is, but I’ve seen it time and time again. 

Hi Ken,After managing hundreds of properties and working with investors (many from out of state) for over 20 years, I’ve seen Tampa, Orlando, Lakeland, and Miami all work—but each has its own flavor.