She didn't remember or know of this home, she is going to look into things for me and call me back.I would prefer to deal with the bank directly and offer them the cash.What is the reason for using a realtor?

I don't remember what I paid for the rehab bootcamp but I've been back to it three times for free..... so that has lowered my cost basis a bit.

Expenses should always be calculated at 50%, remember maybe this year they will be lower but at a point you'll need to change major items like roof furnace a/c etc etc etc If you buy a house for 100k it needs to pay 2k in rents every month, simple as that.Let's say you have 100k in cash, you use 60k to buy a house that is really worth 100k and it rents for 1200$ (2% of 60k) and cashflows 150$ a month, your net worth has just jumped to 140k, your monthly income has just increased by 1800$/year.

Wow, 20% down, maybe the old timers in the lending industry remember when hardly anybody defaulted on their mortgage.

Ideally, before you close the deal.

I just silently sat in my chair and remembered she was cutting my hair, and making a living off $10 hair cuts.

The ideal end result is a bunch of paid off units, purified monthly cash flow, and no heart burn when your tenant missing a payment.

You need to remember on this site all these people are speaking off of real life experience and are very very intelligent.

If I remember corectly you can use an attorney to buy and sell properties in any state.

I deal in the licensed real estate world and this is what we teach our agents:1.