I am in the same boat, 23 fresh out of college.

In 2.5 years when I turn down my commission and instead go full time working for the hardest boss out there (myself) it will truly be a breath of fresh air.

Renae, I'm sure part of it is the FIBs coming up there with cash, fresh off the Chicago market, getting shocked that a condo may actually cost less than 300k and buying without thinking. ;-) Your solution is simple.

Good morning from the Seattle area. I've been hooked on BiggerPockets for over a year now. I've listened to at least 100 podcast episodes and have read several recommended books. Two huge milestones for beginners ever...

I am 56 now, but at the time I was 25, fresh out of the US Marines.

I would like to ask for instructions on how to handle the Cosign Rental Application package.2 College students want to apply but they don't meet the financial/income requirement.  They said the four parents can and wo...

When I was originating, I would beat the pants off of any credit union, big bank and small broker's pricing and our refis would take 20 - 30 days at most.So to sum it all up:Might make sense to pay more to use a local broker for a fresh purchase.Definitely makes more sense to do all refinances through the nationwide lenders.One last tip: If you decide to call the big ones (Quicken loans, loan depot, etc.) make sure they know you are shopping their competitors.  

On a freshly rehabbed SFR, even the 50% rule is pretty conservative in my opinion.

Oh, and they are being repackaged into securities.I am sure you would agree the macro environment has a lot to do with how people feel and therefore how well the economy does generally.I have come to think that the debt load will be a hindrance on growth, and 10 years of low rates has baked in some risks, we otherwise would not have, in place.I am absolutely investing in real estate, especially since the last similar instances of this situation have sent the stock market sideways for a decade, and imo will put a lot of pressure on multi family or any cash generating asset.That certainly could compress cap rates even more, but will vacancies increase at the same time?

If the place is in that bad of shape and needs quite a bit of real work done I would get them out and start fresh.