With no major market fluctuations in my area that year, he said the house was worth twice what he did the year before - which was still a lowball figure.Point being - the primary function of the appraiser is to make sure the bank doesn't get stuck with a property that is worth less than the loan made against it.

After browsing these forums and listening to the podcasts alone I feel like I got more actionable knowledge than all of the seminars combined.

Hopefully with a combination of my skills and education i can conservatively get into investing with some tools and knowledge under my belt.

Perhaps you mean there is no financing contingency which is simply a function of purchasing the property.

The NJ members have get togethers you should utilize the key word function and exchange ideas.

He's gonna perform a load calculation, take a look at the support to see if it's exhibiting any stress and then tell you that it's been functioning for 113 years and will probably continue to function for years to come.

either way you will also make it more functional by having a 16' garage door instead of 2 - 8'. 8' are nice because it creates a sense of more privacy when only one is open.

Her strategy is to pay down our first property considerably before buying another one, and my strategy is to buy as many as possible and use our current income to leverage more properties.We have a combined gross income of 250K and FICO scores north of 700 and are looking at properties in the 200-350K range in MA.I am not clear on the debt to income ratio and the role rental income plays in acquiring more properties.With the above figures (and provided my and my wife's risk tolerance reaches a middle ground), are there challenges with us acquiring multiple properties/year with conventional financing?

I only got a 5k line - boo, but 0 interest is always nice when combined with no fees.Within the last 18 months, I completed a 0 interest and 0 (or close to it) fee transfer on a new account with commerce bank.

First of all, I want to learn and help in a combined way.