Looking for a experience broker who can help me close deals and pull out major equity!.

No major repairs at all 25-45 day project at most the bldg. is not occupied but is not in disrepair.

Slum landlord let the building fall apart, city stepped in and forced him to fix building and sell off his majority share of units.

I am also about 500 meters from what they call the new "downtown" and investments overall have been exploding in my direct area (keep in mind this is a city of about 375 000 souls so it's definitely not NYC type of downtown but it's still a MAJOR change compared to what has happened in the last 20 years or so) I am curious as to what all these changes will bring me in terms of property appreciation?

Now with free annual credit reports from the 3 major agencies, it is a no-brainer.

This is especially helpful when doing extensive rehabs...I am also in the process of transforming some of the marketing material they provide into our business.

Expenses should always be calculated at 50%, remember maybe this year they will be lower but at a point you'll need to change major items like roof furnace a/c etc etc etc If you buy a house for 100k it needs to pay 2k in rents every month, simple as that.Let's say you have 100k in cash, you use 60k to buy a house that is really worth 100k and it rents for 1200$ (2% of 60k) and cashflows 150$ a month, your net worth has just jumped to 140k, your monthly income has just increased by 1800$/year.

Most major mortgage lenders, like BOA, are requiring 20% down on investment properties.

Others would argue that leverage is bad, and that you should try to buy property with large down-payments, thereby protecting yourself even in the case of a major downturn.While most people probably consider the right amount of leverage to be somewhere in-between (enough to build wealth quickly, but not so much as to risk getting wiped out if there is a downturn in your area), you need to decide what's right for you.Some questions to ask:- What is your plan?

It is a big cost, but if you choose the right major and put it to use, it will pay for itself.