Noah,I'm an Army Vet who started from 0 :)I'm currently a realestate broker for Armenta Realty (CA and AZ) and a mortgage loan officer in your neck of the woods.

Purchase price: $26,000 Cash invested: $26,000 This is a 2 BR, 1 BA, 901 SQFT home with a full basement and a 550 SQFT attic on a large 7,500 SQFT lot.

Most lenders do have similar processes.Most of the people who will advertise their services to you here on BP are brokers for direct lenders.Most of the Brokers on here charge an arm and a leg for their services which is the reason why, initially, I did not utilize private lending.I'd be happy to recommend the Broker we use who is great at what he does and is very reasonable when it comes to the commission he adds for his services.We do a lot of investing just outside of Charlotte in the York, Chester, and Lancaster Counties.

It consists of a realtor, contractor, property manager, and a lender.

Now keep in mind I had already done my own title search and a date down so I knew the state of the title. 1.Cashiers Check to Seller in exchange for the Notarized deed  You do this at a notary and the amount of the check is the sellers equity and what you negotiated. 2.

We (me and a 50% partner) recently paid off our first property (a rental duplex).

You can run the Osha 30 Hour Course on the background of your computer, obtain acceptable levels of insurance and as long as you don't owe the city of Philadelphia taxes, you can get a General Contractor license in Philadelphia.

There is also copper pipe on the gas supplies to the heater and a/c units which is not permissible. due to no accessible attic space, there is also no way to run electrical service to the closet to convert to an electric water heater.

Competitive rates and a good track record of finding long term tenants.

I found a lovely 3 bedroom 2 bath in a good location and a good condition for 600k, I see a vision just like my other property and I can see it cash flowing as well after a few renovations.The one thought that holding me back?