I ask because I am a recent college student that is about to begin making loan repayments.

@John Cohen almost exclusively single family homes, there's just not a market for multifamily here, most of the ones seen are previously larger houses chopped up, and occasional duplex.As far as what I've seen on the foreclosure lists, they're traditionally decent quality properties, in decent neighborhoods, definitely some potential for ARVWilmington is unique because as soon as you drop the mailing address, the prices are so much better, and the location could be too.

Hi @James Morgan, Welcome to BP.While real estate is a regional game, LA is a unique market compared to the majority of the nation. 

"I read this great article with some unique tips I think we could share with your clients."

@Jenny Sayavong I had to get on a repayment plan because i fell 2 months behind. 

My grandma is living in a retirement community based condominium, and wanted to leave me a unique ‘inheritance’ persay by selling her home to me for 100k.

Some of these questions are absurd and have nothing to do with your ability to repay a loan or your real estate experience.

They will do the same.Good luck, Camille.Jeff EXACLTYhere is a PM I got yesterday on BP PM  Dear Jay Hinrichs,In terms of my loan criteria, Please find my terms listed below to help guide you throughI offer a wide range financing that involves the following and many more.a) Personal loan (unsecured) and (secured)b) Business loan (unsecured ) and (secured)c) Purchase and Rehab (100% financing)d) Debt consolidation.e) Non Asset Based Loanf) Real Estates2) The loan duration is 3 months minimum and 20 yrs maximum.3) Interest rate is 5% flat.4) There is no prepayment penalty.5) All funds transfer will be made through the bank which means the repayment and the funding of your loan.6) A loan contract will be secured and issued for you to sign.7) All information regarding this transaction would be treated strictly confidential.8) The repayment of the loan will be made on a monthly.

Patience will repay you well. obviously this isnt' a universal rule, all markets are different. 

We found the renter this week, he filled out the application, and his back ground check and credit check all came in good.Here are the numbers:Total cost including repairs 77kRent $1750Interest payments to the private money lender until the property gets a long term loan $583Taxes and insurance around $150Maintenance/repairs budgeted $100Vacancy/turnover $150Monthly cash flow $767ROI 767 x 12 / 7000 = 131% per yearMortgage on long term loan for 70k at 5.25% for 20 years $472.ROI with long term mortgage 150% per year.ARV - because it is a pretty unique property it is hard to find comparables, but making some adjustments from other properties in the same area, I would put the value at about 195k as is.Please let me know your questions or comments.