The price-to-rent ratio’s are also not the most favorable making it hard to hit certain criteria, like the 1% rule.

Hello BP Community!My name is Alex Yates. I am brand new to the idea that ordinary people can invest and do well in real estate. A friend got my wheels turning with the introduction of the FHA loan and after discoveri...

I'd want someone easy to work with, who pays on time, and who has a track record demonstrating ability, along with a few references.For that last point- I had a 10 unit deal that practically hit me in the face about 5 years ago.

It's a lot of work, but then you mail that list 8 times and buy some houses, hopefully.I'm trying the shotgun approach - EDDM hitting whole neighbourhoods.

Or, is it more like a balloon where once the original maturity date hits, or the NPER with the UPB only, will everything else come due? 

This single hit to my credit rating has reduced my score to 629, which is considered sub-prime.

Update on my situation: I took the guy to court, and he was hit with only a $100.00 fine, but at least he has "criminal trespass" to his name now.

I've been told that letters aren't the most effective way to contact owners of large apt. complexes.Supposedly, the best way to get into the loop and have the first crack at purchasing larger multi-family properties before they hit the market is to (1) network with commercial real estate professionals such as Scott the CCIM (2) join commercial real estate organizations such as the IREM, BOMA, NAA, and ICSC or befriend individuals that are members (3) approach a property owner in the flesh and (4) network some more.You agree Scott?

My friend i think you have hit the nail square on the head.

Bryce,Oh yeah. you hit the nail on the head with that one.