All things being equal ( location, schools, etc) is new construction ever preferable to purchasing older homes at good prices?

Networking with like minded people has brought me the best success in finding local talent.I haven't been able to establish a mentor, but I've established lasting relationships with people who are successful in their niche and have helped me to evaluate my business from a new perspective, which can be just as valuable as a mentorship.

Our niche includes financing 65% of the future value with approved plans.

Hi Andre -Of the local wholesalers I've connected with, I've seen it all, but this tends to be what's most common in my experience from them:-Use a flat $25,000 for all properties-Take a completely uneducated and wild guess-Partner with a GC or good handyman to estimateI prefer when they use option 3 personally :)

Pre-foreclosure is the niche I want to learn and operate in but it appears that I still have much to learn.

You might consider Niche or Specialized Housing like student housing.

When I asked to borrow, I gave them my preferred lending terms, so they knew I wasn't trying to simply take their money and run.For my deals, I started with the cash from my friends to buy a house outright ($18,500 purchase; friends cash was secured with collateral OTHER than the house).

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.You might consider Niche or Specialized Housing like student housing.

You should post the 3-day notice to pay or vacate quickly - preferably no later than 1 week late.The tenant has to follow your rules.

I'll be writing an article soon about my preferred multifamily tactic: (The 3R Approach - Rehab, Rent, Refi).