It's frustrating me, because I'm still working on Private Lending, but I'd like to be able to get some solid comps and start running numbers on some properties, to present to my potential lender.

I would just rather close deals.Now if someone was trying to screw me out of big commission there would be a war and I would win.I would simply tell the seller you can pay me now or after hours and hours of frustration and attorneys fees you will never get back.

joe, i agree with you. but to a point. and i base it on more than just numbers. but let's start with the numbers.let's say i can eek an extra $150 per month. that's $1800 per year. when it costs me just $500 per month to keep the house empty, i can afford 3 months to find a good tenant.

In regards to point 1, I'm definitely very conservative and tend to move cautiously with my money, so I'm definitely gonna look at a business model of only buying what I can afford and not overextending myself with credit.

But I can afford to lose that, most people can’t.

You can pay what the property can afford - be it more that the financed amount or less.

Once you understand it, you will be better educated to perform the strategy.How to make offers for your buy and hold - For quick calculations, if the rent value is $1000 monthly, you can afford to pay $50,000 (2%) for that rental (including acquisition and any needed upfront repairs to get it to renting condition initially).

Jon, Actually I'm out of work and I may not be able to afford the taxes.

I think their issue is that they view my initial loan with my aunt as a cash out refi because the HUD settlement statement says I paid cash for the purchase.I tried explaining that I paid with my aunt's cash that was loaned to me - as evidenced by the mortgage note - so it was not a cash out but they simply don't want to budge.What is frustrating is that they had the original HUD settlement for over 2 months and never said it was an issue.

The architect will draw it, then the engineer stamps his approval on it.So to recap - in my experience, an architect will save you time, money, frustration, and lost building time.