I don't do residential but if I did that wholesaler would be putting up massive non-refundable earnest money maybe 10k or more they lose if they do not perform.

I'm personally not against spending money for quality education but the shared quality of all the most successful new investors in my was that they took massive action until their efforts produced.Best of luck to you! 

Using your apartment example and adding these assumptions: -security deposit equals rent-Invest the funds in a bond fund earning 4-5% simple interest (Simplified for the sake of argument and ignoring the massive bond sell off due to inflation concerns going on right now.)This yields a $12-15k increase in cashflow, which for this property that has a $2.16M NOI, is around a 1% increase.

Maybe you haven't dealt with properties this small in quite some time but 89 sq/ft is a massive difference when you're already in a confined space.  

If you're looking to get into multi-family, you really only get one shot at that massive leverage and I totally blew it when I bought my first home as a SFH.

In one cited example, a D.C. resident purchased her property in 1981 for $42,00 now saw her property valued at $888,000 in 2017 (in part due to a massive $150,000 valuation jump in 2016 alone).Looking Forward: Our Shared ChallengesIn discussing the positive implications in D.C.’s change into a wealthy city, we don’t want to paint a perfectly rosy picture.

Originally posted by Account Closed:I lived in Wilmington for 18 years and it is recently undergoing a drastic transformation in the form of massive apartment building construction and big money coming in to invest.  

I have massive negative income on tax returns.

Yes,I believe that is correct.The loan will be amortized on a 20 year schedule at 5% with a massive balloon at 7 if you don't refinance before the 84th month.Are you hanging your license currently with a brokerage?

As others have mentioned already, BP has massive amount of information.