Michael, if you do a major rehab it's possible to raise the rents but easier said then done....I just noticed the checkbox: "notify me when a reply is posted"' :lol: so I will react very quick now!

I was just looking at a property for 36k and was approved and had an approval letter in 2 hours.Many small local banks will give you loans on lower value properties if you can show that you personally can cover the mortgage and if the property cash flows that makes it a lot easier as well.Just try a small local bank...

I also want to take a second to let you all know that we're on the verge of launching another series of updates to the site, including a new, easier to navigate front page, photo galleries, and an updated property directory.Best,Josh

this sure seems like it would be a lot easier if you were to have somebody loan you the money through a mortgage or dead of trust than to have to deal with all the partnerships and stuff, just borrow the money and then pay it back

Once you are able to change your mindset, being an investor will be much easier.

The take home from the book is unquestionably what makes these people different - the key appears to be their attitude toward work.....

It just seems easier to deal with.

I was in the same boat as you but I found that with my rentals being profitable it was easier to just do the "100% down payment" deals and not give any of my profit to the bank.I was in TX for 30 years and just left the Austin area (Marble Falls actually) about a month ago.Good luckall cash

The idea being that by practicing it with each other, it would be easier when you actually did it for the first time.

It makes your job much easier.