Overall we probably have an acceptable success rate and we certainly take in more than our total costs across all of our judgments but it is rarely a simple process.

Let's help each other reach our goals and not just use this site as a social network, but an accountability network.

As a new investor I could use a little background as to the process of, when a private money lender has been found and agrees to invest, let's say $100,000.00 towards real estate, what is the process of accepting those funds and putting into my LLC towards real estate investing?

It's because they do not want to bother the tenants and it's a nightmare to schedule appointments with every tenant.At least in CA anyway there is a default inspection contingency period anyway after the offer is accepted.

He said they won't really accept low ball offers as they have to justify that low ball offer and generally get the full asking price, they will reduce the price of the property until they get the full asking price.

Nobody panic.Neither Freddie or Fannie have changed DTI requirements in LP or DU, and both underwriting engines accept some loans with DTIs greater than 43%.

I use Bandit signs, I advertise on all of the social media outlets.

What is an acceptable monthly cash flow to you?

First of all the HOA fees eat up a lot of the cash flow, oftentimes down to a non-acceptable cash-on-cash return, making finding condos that do cash flow appropriately more difficult to find...and that's until the HOA doesn't up the fees.Second of all, so many of the condo associations here have "no renting the first year" or "no renting for the first two years" as restrictions that are not always disclosed in the MLS.

I think the biggest thing helping us is the ever moving line of acceptable commuting distance and ever increasing house prices as you move closer to GTA.I still see the higher rents and longer term tenancy in the 6-20 unit buildings with 2 bedroom units.