Often, that type of buyer will pay a higher price than true investors, as long as you can show them a small savings off retail.The second involves positioning the property as a unique opportunity, and works best when the property has some special feature or location.Both of these are heavily dependent on aggressive and effective marketing.

I do a combination.

They are year leases, which is typical for all the rentals in this unique community.

I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low... in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.

You want to get a good handle on what's going on during your inspections.The steep stairs combined with the weird wiring make me wonder if the upper rooms were added with proper permits.

Let's look at your "mid-point" purchase price and call it $193K, 100% loan (I know you did 80%, but let's use 100% to cover your opportunity cost on the 20%) is $1188/mo, P&I.I don't know what ppty tax and insurance run in OH but I've got to believe it's at least 1 1/2% of market combined, so another $3600/year, 300/month, OK.You're up to almost $1500 FIXED COST against an average rent of $1670, which is WAY TOO THIN to make this work.

Hi guys,I tried to look for an answer through the search but could not find one.Here is the scenario.We are family members.We have a total combined equity of 100KWe are looking to buy Apt buildings 20 or more units per Apt complex.2 of the members have excellent credit1 of the members has poor credit but good equity( which we may need to use for down payment).How do I set up a company in order to protect everyone?

hi, i am Midas from northern california. i own a mortgage firm called Midas Financial Group with 50 state lending and 13 state real estate capability. i got into this business by accident due to a near fatal injury and it was the best thing that ever happened to me besides my wife and 5 kids with another on the way. i love this biz and i am now getting into buying large reo portfolios which is a great way to meet some unique people across the globe. i hope to learn alot from you pros on here and if i can i will be glad to throw out any help i can.

check out the threads and the responses to get a little bit of insight, then see figure out which questions would be best for your unique situation.

I realize that every property is unique, but is there a rule of thumb?