Hi gys -This time I went for loan - I was told the Debt to Income ration has to be under 49%.

Reality on the ground is exact opposite due to investors not properly accounting for expenses such as maintenance, capex, legal, property management, pest control, landscaping, travel, etc etc.

My main question is should I pay off my debt before looking into investing?

Investing this way (using the same $50k) 4 to 6 more times a year, that produces a 32% to 48% return, or $16k to $24k earnings in a year doing no work at all, and it is perfectly legal.

Investing this way (using the same $50k) 4 to 6 more times a year, that produces a 32% to 48% return, or $16k to $24k earnings in a year doing no work at all, and it is perfectly legal.

If I am going to take the risks of flipping, I need to get 150% IRR.7) With BRRRR, your tenant pays down your debt while the market increases your value through appreciation.8) With flips, you can't compete with hedge funds because they can pay more for properties since they are getting their capital at less than 2%.9) I see the smaller investors getting smashed everyday by their flip providers.

The legal advice I was given is consistent with pretty much anything you find about the subject on the Internet.

A year later, we converted the property to a duplex (we needed a minor variance from the Committee of Adjustment, got refused, and I successfully appealed to the OMB).The reno to convert to a duplex legally was $50,000.

What happened to you is unethical, and does not feel right, but it is legal.

The seller wanted to sue the investor/realtor for assigning the home to someone who ended up causing $15k damage, and the buyer wanted to sue the investor/realtor for the $15k assignment fee they paid about a year before the deal fell apart, even though they failed in their obligation to the seller and trashed the house.Long story short, both the seller and the buyer's attorney's ended up threatening the managing broker of the investor with a lawsuit after they both tried "legally extorting" a collective $30k from the investor/realtor unsuccessfully, and the managing broker started to panic as well, which also had a negative impact on the investor/realtor too.So here's the moral of the story:1.