But look what happens when the rate sold is higher or lower.If the broker sells below market rates, such as 4.25 or 4.0%, the lender is basically saying, "I hope you charged some points up front, because we ain't paying you squat!".

Below is a script that I'm using.

List the rent and number of bedrooms, so you won't have to filter calls about that info.

You are also basing ARV on converting it to a 3 bed 2 bath.I wouldn't touch a conversion unless there are other 3 bed 2 baths on the street.If just mainly 2/1's then you are going to have appraisal problems and getting buyers to offer on it.Nobody usually wants to own the most expensive property on the street because it appreciates the least and in a down turn loses the most value.Also I believe "I am not sure" but maybe Will knows is that the HML lender wants a qualified contractor to perform the work and will release the money draws once stages are completed.Also some of the work the city or county will require a license for you to do and you will not be allowed to complete the work yourself.It depends on local codes and what they require.You also have to factor in carrying costs and do overs.If I do something that normally costs 1,000 using a professional myself for 600 with parts but it takes my 3 times longer to do it and I mess it up and have to buy parts again then it's not smart.What you have to do is to find qualified contractors to get the job done quick at a below market price.You keep repair numbers low this way and turn times high.If you start a flip a certain time of the year and miss your list date you can be in a world of hurt when the slow season comes rolling in.You might sell at a real low value or not at all while holding costs from the HML eat you alive.You will also many times need good credit as all the HML's I talk to like to know if the investor has trouble selling the HML has a regular lender they partner with to put the investor into a regular loan and pay them off.

This is helpful in some situations, but not all...And on Investway, I am not able to pull "all solds" around a certain property without dinking with qualifiers for hours, hoping to get the right combination of filters that will ALLOW a sold or two to show up on the report.

Below are my responses to some of your comments: “The biggest difference between stock investing and real estate is control.”

I have outlined what I believe to be the differences of each below.

Purchase Price to rent is one of several filters you can apply when looking for potential properties.

Johnny, please email me @ the address below so I can talk to you about a few things - thanks guys!!

I can sort of see this because a score below 500 is usually indicative of some pretty serious, ongoing problems.