I know many of you may think how can you do that ,well fortunately  we happen to be in an extremely relaxed lending environment ,ive been in this business for 30 years and this is only the 2nd time i;ve seen real estate lending this relaxed ,for you old timers ,i know you can remember when their was no seasoning of title , in that period i was able to acquire 20 properties in 6 months ,moving right along ,heres the formula 1) find a property that needs a rehab in a b or c+ neighborhood,determine that after the rehab you will be at a 65 to 70% arv,next after you've acquired and rehabbed the property refinance it ,heres the example ,$45,000 purchase ,$30,000 rehab ,finished value $125,000,now you have a couple of options,you can refinance the property in 30 days at a 70% ltv,or you can refinance it later at an 80% ltv in 90 days,,using the example at 70% your cash out is $87,500,lets assume that your settlement costs were $8000 per transaction for the intial purchase and refinance,this equals $16,000 ,your cash out is $12,000,which leaves your out of pocket at $4000,this would be your total outlay,assuming that you rented the property and had net revenues of $500 a month your total return yearly would be $6000 monthly,your roi is 50%,now if your roi wasn't this high ,let say 30% annual return ,i don't think you would be too mad ,however you have another option and if you are not in a hurry you can refinance in 90 days at 80% ,when you refinance your cash out would be $125,000x80=$100,000-$75,000=$$25,000-$16,000 would be $9000,,so the $64,000 question would be how much did this really cost you,rinse and repeat this formula over and over  and you will be a happy camper              

or thinking "pshh.. 400 deals in 5 years.. relax Scot lets not get ahead of yourself here".

They are very nice and the building is relaxed and I'm happy. 

-Minutes drive from Shockoe Bottom, Canal Walk, and MCV -Numerous art galleries and antique shops About the Property -3 bedroom / 1.5 bathrooms single-family house -Carpeted bedrooms -Washer/dryer -Off street parking -Security system -Large planted backyard to relax with friends -Enormous walk-in closet, private upstairs porch -TV, internet, water included -Lease information -Renewable quarterly (every three months) -Available on 10/21 Minimum Qualifications -Gross income must be 3 times the monthly rent (You must make $1500/month before taxes) -Clean background and eviction record -Favorable credit score -Good rental references from previous landlords About me -Ian, 23 years old, young professional in finance -Alma Mater: Virginia Tech -Moderate cleanliness (I clean and keep things clean) -Interests: Ornithology, competitive checkers, avid bar hopper Sorry, no pets allowed.

I just find it to be a fun way to challenge myself while relaxing from the day to day.

In a very relaxed setting you are encouraged to interact with everyone else.

If quick flips in real estate help me along the way then that's cool and a bit of a bonus but my long term goal is relaxation so flipping houses doesn't seem like the best method of relaxation to me.

It is also in a relatively relaxed atmosphere at Buffalo Wild Wings.Mods, if this is too much of a 'sell,' feel free to remove...

feeling relaxed :)

I like to go antiquing.  I also very much enjoy collecting arrowheads as it involves hours of walking along the tranquil beaches of  local rivers and creeks and I'll tell you that the thrill of picking up a nice one i...