While you're right that a lender isn't going to make a conditional commitment with no specific property CRITERIA, a good lender will help sort through some scenarios and help you determine your qualifying amount in each.From the sellers perspective, I think it really comes down to not wanting to waste the energy of getting the home shown (which, in a lot of cases with multi-family properties, includes giving the proper notice to tenants) unless they know the person seeing it is actually capable of purchasing it.On your end though, speaking with a lender will also help you avoid wasting any time looking at properties that simply won't work.Feel free to reach out with any more questions!

I know this will vary for the individual and the type of investment, but it seems most are happy if the mortgage is covered and it cash flows some minimal amount.For an STRP, its not completely passive as I would be hiring someone to handle the listings/cleaning but its much less work than the business I own.

For every house you mail to that does not match the criteria you are looking for, it is a complete waste of money.

How many agents succeed in a minimal service brokerage with flat fees and no training?  

@Dev HornI just posted some advice on a joint venture with the seller versus a we buy houses 70% of a or B minus cost offerThe deal was 190 ARV 30,000 in repairs free and clearIf you want to be a transaction engineer you better be able to deal with notes during joint ventures with sellersThe difference in these two offers the seller would have got 103,000 with the investor deal and 144000 with the joint ventureRule of thumb  I have in wholesaling sometimes is a ****** offer to the seller and they're all going to say no and you're wasting your timeWhen dealing with Minor rehabs in good locations, joint venture with the seller is the way to go

Hi everyone, I'm looking for some advice on the most effective ways to market a service to listing agents.I'm starting up a business providing narrated virtual tours, with the goal of making them easy (since agents are pressed for time) and affordable (since they are loathe to waste marketing dollars).

Most all professionals agree that there are many benefits to plywood cabinetry, not least because they don't expand or dissolve from moisture as pressed wood cabinets do.I would like to ask our esteemed group of rehabbers, if the money spent on plywood cabinets, though minimal, is necessary if the home will be flipped.

That’s a waste of time and paper.If an owner is not home and someone answers, I offer to come back.If an owner is not home and no one answers, I will put a yellow sticky note on the door.

If you were to get licensed in the State of Florida, once you pass your exam the state says you are "minimally competent to practice real estate".

I did for the first 5 years in real estate.I realized how incredibly beneficial it is to represent yourself.These are my reasons-They are an extra middle man that is unnecessary for an astute and experienced investor.Typically the extent of their work is writing up the offer.They can waste valuable time.