Any advice is greatly appreciated :) Hi Joseph,There's no rule that says you must own a primary residence before investing in real estate using traditional mortgage financing. $100k mortgage says you're probably investing out of state.

hi,relatively new to the game. i have a property with good potential in an area i think will appreciate well. in my current situation, i am not strapped for cash and can save 7-8k month for real estate purposes alone with my current job. this will be by first SFR and goal is to have at least 12% COCROI and have a minimum of $150+ using the 50% rule. im more or less in it for the long term game and want to retire with a rental portfolio that can supplement my income within the next 10 years. here are the two scenarios for the following property:property: $65krehab costs: $10kclosing costs: $3,200wholesaler costs: $2,500i plan to put 20% down on a 30 year fixed loan at around 4.8%Scenario 1:I cover out of pocket for rehab and wholesaler costs as well as downpayment + closing costsProperty: $65kRehab: $10kWholesaler costs: $2,500k Downpayment: $13,000kClosing costs: $3,200Total cash needed: $28, 710COCROI: 12%Monthly cash flow: $28850% rule: $313Scenario 2:I finance the rehab and wholesaler costs through my bank.

Both uses are correct, and I would argue that the best way to tell the difference would be that the investment style (noun) should perhaps be capitalized - but that would required everyone on BP to adhere to the same grammatical rules, and that's just not how forums work ;)What you're talking about would be a more DIY approach, wherein you buy a (lower-case) turnkey property and then find your own PM, not an (upper-case) Turnkey investment where one company does everything from scouting to rehab to management, all under one roof.Hope that helps!

It started as simple forms to help me, then before I knew it...My suggestion is to follow the reverse engineering steps I laid out above, then when you get to the beginning, turn around, and "follow the breadcrumbs".I saved the most important rule for last.  

Hello BP,I'm trying to analyze a deal everyday until I pull the trigger on MF.Here are the details:Purchase price: $1.049MMonthly Rent: $81001-2% rule, no: 0.77%Area: B+/-Units: 3/2.5Days on market: 203Year built: 2015Estimated commission to me: $31,4912 car Garage1800 sq ftQuestions:1.

At this point, these funds might be used to buy supplies, help with food and temporary accommodation.Please donate and help to support our community.

We use the following rule of thumb - if it does not do permanent damage to the property, if it does not cause neighbors to complain and if it's not a legal issue - it's probably okay.

make it contingent upon getting approval from the townshipWhere I am you pay $100 fee to the county or town for a ruling one way or another

I know the VA has a rule that only properties up to 4 units are qualified.

General rule of thumb- Rentals in an LLC almost never in a corp.