I've just tried a couple, but didn't have any success.

@Owen Hehmeyer Congrats on your success with your first property!

@Molly Arnott congrats on joining the BP community and looking forward to hearing about your success in the future

There have been many lawsuits against this company and he has made it clear that he is not involved in any way.What you need most to be successful is local coaching.

Now that you know how to calculate the current value or potential purchase price on the property...let's talk about determining ARV on this asset. 1) Do a complete rent comp analysis to determine if there is room to push the rents higher2) If there is room to increase rents...then you can start to determine what the value of the property would be after increasing the rents. 3) This will then allow you to back track to determine how much you would be willing to spend per door on CapEx improvements to achieve the rent premium.

Be upfront with the bank and tell them what you're trying to achieve.

I've seen his other developments in mobile home parks, and he is quite successful

Real estate is where I've wanted to build my success for a while, but I've hesitated on pulling the trigger for fear of failure.

(All of this is assuming you have minimal experience and this other person has been investing in real estate successfully for years.

Successfully rented this house for several years now.