So let's cover 2 things:The 2 main loan types that we have as investorsThe questions we should be asking when we interview our potential lendersLet's begin.Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

Phew, definently a tough decision to make; I truly feel being a realtor would be great for me because I know I can achieve more and more clients over time.

This time, the inspector had a list of problems for the new owners, denied the permit, and said he would be investingating the previous owners as they never should have gotten a permit.It is a 100 year old east Nash house and I assume they are now requiring modern everything but nowhere does the State clearly define requirements.

I define my Class C units as "clean, safe, and functional."  

I would definable consider her if the previous landlord confirms she pays rent on time and she meets your other criteria.

That doesn’t It’s the biggest component of my expenses.

@Sameer JainPer https://www.solo401k.com/how-to-qualify-for-a-solo-401k-account/ ...Opening a Solo 401k account requires two elements of qualification:You must own a businessYour business must have zero employees (employees defined as those who work for you more than 1000 hours per year and receive W2 wages)Can I own a business on the side of the W2 job I work?

Budget for 5%-10% CapEx — not based off percentage — calculate how much the item would cost to replace and how long it has until it needs it then do the math — (roof, water heater, appliances, driveway, HVAC, flooring, plumbing, windows, paint, cabinets/counters, structure, components- garage door…, landscaping) Closing costs — around 1.5% property value RehabDetermining Cash FlowJust subtract income- expensesCoCROI (cash on cash return)Total Annual Cash Flow / Total InvestedRule of Thumbs General guidelines and not strictly accurateThe 50% Rule A rental property’s expenses tend to be about 50% of the income, excluding the mortgage P&I CashFlow = (total income x 0.5) - Mortgage P&I Helps just to quickly screen a property for further researchThe 2% Rule The ratio between rental income and purchase price Property’s monthly income must = 2% of the purchase price or greater The percentage varies on the areaCh. 6Investing While living in an Expensive AreaSunday,September 8, 20199:21PMAre you looking for homes on sale?

It's a good start to helping me define my absolute numbers.  

Only if they flip without a general on a non primary home as it’s defined by law.