On the LTV side you need to have enough room to sell fairly quickly, and cover the costs of that sale, for emergencies or if you need to raise cash for better opportunities.Also, it's not always the LTV.

I am really glad this forum is starting to gain some traction and we are raising the quality of the discussion!

The question was raised that if this is a requirement then the activity would drop off, I understand that is a negative but in reality, the people who take this site serious enough would either conform and new people who sign up would not know better as it would be standard.

The whole process lasted about two month, the seller ended up raising the price on me, since it was my first deal I fell victim.

You rehab and raise rents for profits.

So far that appears to only be an option if it is my personal residence.Right now, the property barely breaks even or is slightly negative (using 50% rule)in cash flow until the credit card debt is reduced over time.

Currently just seeking deals, learning what I can what the time I have available, raising capital with private money, and trying to think outside the box and not do what everyone else is doing in my area.

I still think Schiff raises a good point though that drives home even more the importance of not leveraging yourself too much.

That of course is an option for you to use if you buy ...Tenants are difficult to schedule showings with, and they are uncooperative at best, that's why smaller buildings will usually be empty when the banks sell.Try offering cash or gift cards to gain access to see the inside, and to get info about the existing lease terms.

Business Cards, Flyers, Magnetic Car Signs - let everyone know what you are doing and looking for.19.