Granted Competition is good for any business but when you have almost the same sign with almost the same theme or saying it deters the potential seller to looking elsewhere.

(but not pay $440k) Just assume your competition can rehab it cheaper, and has lower holding costs than you.

But in some cases, all of the nearby rentals already include these items, so it can be tougher to get a good tenant when you are lacking something that the competition has.

Even with a hard money lender funding a significant fraction of the deal you still need cash of your own.If you have experience doing the work and have a track record you mind find a money partner who would fund the deal while you do (or get done) all the work.

Yes, the amortizations must be coordinated together, you won't have 120 pay periods, you would have something like 122.7 payment periods and the odd fractional payment owing at the end, if less than the amortized payment would be due with the last payment and not considered a balloon payment, but a final payment.Amateur finance types (uninformed) will not understand the weighted approach to multiple of interest bearing on different loan amounts over different amortized periods, unless they suffered through some statistics or finance classes in college.

Not that I provide dirty places to live, but ours is cleaner and nicer than the competition, so it's really easy to rent and we can get a bit of a premium.

I've realized they are angry because other investors have also contacted them do be aware you have competition.

Another option that I forgot to mention is to invest in a fractionalized note.

I've seen it work if they are honest, if not, it's a license to steal as the husband may not keep his prices competitive since it's usually no bid .

All I needed was my first deal so I would know that this is real and worth the struggle.After 6 1/2 months of tripping, falling, stumbling and spending a ton of money on the next bright shiny object AND marketing for buyers and sellers, I got my first deal while I was working a full time job and I never looked back.If you want to be successful in this business or any other business then you absolutely must have the right mindset and make a decision to simply just do it and believe that there is no competition only co-petition and never give up.Read the Four Spiritual Laws of Prosperity by Edwene Gaines and The Seven Spiritual Laws of Success by Deepak Chopra.Changed my life and my business for the better.