I have driven the property, met with the owner, but I have not yet had an inspection or walked the inside of the property with the inspector.

The process is somewhat easy to navigateCon:The LTV is usually 65%-70% of the ARVThe origination and misc fees are heftyThe interest rate is HORRIFIC (high 7% to mid 8%)The problem that I’ve faced is that when going through other lenders with better terms, their underwriting process is more difficult and more importantly in one scenario, their appraiser came back with an appraisal that was $30k lower than “company A.”I could really use some advice on how you have all found cash-out refi lenders that help your business grow time and time again.

I decided to get into the fintech scene in LA after that and now I'm with a real-estate start-up using AI to find low-income neighborhoods all of the US that are primed for future gentrification.

Bank A is offering me 3.69 5 years fixed 30 year amortization - CIBC is offering me 4.89% 5 years fixed 30 year amortization but with 5% cash back (equals out to 9,400 at closing) looks to me like even though the 4.89% is higher, the cash back incentive could go towards another property or value add.

Rent controls are driven by "poverty pimps".

As you'll be able to get an accurate Automated Valuation of a property (occasionally needing a manual appraisal confirmation), combine that with an inspection and transfer title securely via a Block Chain based Nationwide or Local Title System.For those getting into the Rental Property Investment game now, a world is coming where you'll be able to tap into equity within your properties in minutes thanks to AVM-AI and Block Chain.

If it’s not listed then pull up a tax assessment on the property to get a ballpark number of the assessed value.Typically if the purchase price I calculate is within 25% or less of their asking price then I dive deeper into the property evaluation.Example for the 6 Unit:Annual Income: $72,000 (The owner tells you each unit rents for $1,000/mo)Annual Expenses: $36,000 (50% Rule)NOI: $36,000 (AI - AE)CAP Rate: 6% (You found this from a local broker)Purchase Price: $600,000 (NOI / 0.06)Seller's Asking Price: $660,000With this example your calculated Purchase Price is within 10% of their Asking Price, so I would dive deeper, find more information from either the broker or seller and pursue as an investment if all else checks out.Good luck Mannan, I hope you get yourself a new 6-unit property!

@Justin A. I

@Justin A.  I

I’m only 19 but I’m super motivated and driven to be good.