Specific skills are required, most of which everyone believes they possess when in actuality most don’t possess at all;  negotiating skill, analytical ability, marketing and sales skills. 4.

Hi @Vidal Gonzales I'm a lender and want to let you know there are no special tricks, but there are methods to get an understanding of your purchasing power and a roadmap to achieving your goals.There are 2 ways to buy single family and multifamily homes (<4 units) when working with a lender: Income based and asset performance based.Income Based Loans: These are your typical, vanilla, regular loans that you know about from talking with your family, your friends, and many investors you hear about on BP.

I wish I knew about the power of real estate when I was 18.

If Apartment A is a 2bed/1bath with washer/dryer and Apartment B is a 1bed/1bath with no washer/dryer, Apartment A should pay a higher rate.

Active duty and vets get access to one of the most powerful tools in RE investing, the VA loan.

I caught a very reputable PM company that gave me numbers and the man power and hours didn't add up and the PM after 3 seperate calls still couldn't explain the costs.

As far a I know "yes"...

We plan to pay it off in a year and start building early 2024 then begin mortgage payments in 2025.My question: How will the purchase of a Multifamily unit in my name this upcoming year (2023) affect my husbands purchasing power of our construction/single family home through the VA in 2024/2025?

Equity...the most powerful tool in real estate.

Utilities costs (Gas, Electric, Water) for the past 6 monthsThis part of your motivated seller questionnaire gives you the information with which you'll be able to decide whether the property needs a short sale, whether seller financing is an option, and how to structure a deal or an offer that can work for both you and the homeowner.You'll also need this information to properly market the house to your investment property buyers.If you're a new real estate investor, I hope you arm yourself with the information on this page to work out win-win-win solutions for your sellers, your buyers and yourself.Motivated Seller Questionnaire Red FlagsThe power of the motivated seller questionnaire is that it helps guide your interview process, and gives you a framework to make the screening as conversational as possible (In other words, it's a script, without the mechanical sounding words and phrases).It helps you in the 4 following ways: Avoid Outright deception by prospective property sellers Properly screen your inbound leads for seller motivation Helps screen out irritable, irrational, potentially psychotic people you should never, ever deal with Helps you build rapport with target ideal candidates Supplies information to help structure your dealsAvoiding Outright Deception I've had a property owner tell me "..All the house needs is less than $5,000 dollars in repairs, and it's ready..." on a house that clearly needed so much work ($35,000 to $40,000 dollars) that no buyer or agent had ever called him back.Better Motivated seller screening Being a successful real estate wholesaler is a matter of alignment.