Chances are likely rehab costs will include extensive plumbing & electrical, both high ticket items.

If you are in the Raleigh area and would like to attend the FortuneBuilders three day seminar I have an extra ticket.

A lot of the really big ticket repairs result from water issues.

Ive overcome the issue of not knowing who's is who's by having them either write their name or address on the signature line of the deposit ticket.

If your target was a 10 cap but the inspector said a new roof was needed now for 8,000 you would go 86,940 purchase - immediate capex (8,000) = 78,940 offer priceMost investors shoot for about 100 minimum a door clear after anticipated costs and debt service per month.Remember the costs average out to 50% but some years you will use more and some less but it will average over time close to this.Big ticket items you need to build a cost reserve stable of when those items will reach past the life expectancy and plan accordingly.If you look at the BP file vault on here there is some free stuff and I believe a cost reserve stable in excel example is on here somewhere.

While it's not a free ticket to loans, the underwriting is much different is certain respects, but after a number of successful transactions, a NP can almost have a rubber stamp approval.

That sounds like the ticket for me :)

Excellent credit, enough income to cover all mortgages at the same time, and cash down payments were my ticket .

We've got a ticket for it, and should have it corrected next week.

There were other business transactions and RE developments as well and had I approached others simply as a street wise Realtor type,instead of a finance guy, I doubt anything would have happened.My degrees did not come with any guarantee and alone are not a ticket to success, but it sure made the road alot eaiser for me.