Ive hired a more hands-on smaller PM that actually has recommendations and has already proven to be more effective; Ive got 2 paying tenants and one leaving cash-for-keys tomorrow.

Purchase price: $28,000 Cash invested: $31,000 Everybody win.

You can do a HELOC on rental properties with some lenders to access the cash, but you’re essentially taking more debt out on them.

This means you have the tenants provide you their bank info and consent to auto draft and you draft rent from your side.

I don't know if this is one of the new things or not, but this is now in there under 3.7.7, "You also acknowledge and agree that we may on occasion offer discount pricing for your Property; provided that (i) any such offers will be available with respect to a broad number of Listings and not limited to your Property; (ii) we will provide you with electronic notice of such discount(s); and (iii) you may opt out of a particular offer."

You take the cash flow from 5 direct it to one.

Similar to real estate, pricing has been on the high side so its finding ways to be creative and finding distressed sellers who are cash poor that need to get rid of product.

They can provide you with insights and access to deals that might not be widely advertised.

It doesn't quite remind me of 2004-2008 since the borrowers need to have a history of paying their bills on time and provide evidence of the capacity to repay the debt, for investment properties lenders are requiring anywhere rom 10-25% down depending on the loan amount and documentation. 

It's a very competitive market here and you don't see the cash flow of Janesville.