Second, if work has not been completed and permits signed off, the buyer's stuck with finishing the project and that's worth a big chunk of the value added.Keep in mind that, just as a $10,000 car with a $3,000 dent is not worth $7,000, I would begin by really examining why this property fit my portfolio If it doesn't, I'd want make sure that I didn't get stuck with it.

Goals:Build a RE portfolio to supplement my retirement income (20-year horizon).

If the property meets your cash flow requirements and looks good from the pictures, then you have a good idea that the property will work for your investment portfolio.

When I was managing a portfolio in a specific city I found that market rents were pretty clearly indicated by the ads in the newspaper.

I used to live and work in Silicon Valley (my degree is in computer science) so I know a bit about CA also.The biggest thing to consider is are you trying to build a RE portfolio in the US or just buying and then selling.

., and actually find decision makers on these portfolios?

I recently came across a connection to big time investors that have been bugging me for big portfolios on reos, but as for me im just another person in this big industry trying to make a name for myself....thank you for you time everybody and have a wonderful day......

I'm unaware of a portfolio loan program that allows only 2 residential properties (most require 5 or more units), so I believe that you will need to do two closings/loans.

This is consistant with Fannie Mae, Freddie Mac, VA, FHA, USDA and any insured lender for a portfolio loan.One guy uses a credit as a seller concession which works for FHA and his angle of business, but it can and does cause lending problems in other types of financing as seller concessions may simply be deducted from the sale price to arrive at the LTV.

certainly buying a property to live in and then moving from place to place is a solid way to build your real estate portfolio, but it takes time and discipline...if you're in a relationship with someone - that person has to be on board with what you're doing.i just recently met a couple, looking at homes in the 900k to 1.3million range.