Not a requirement, but it is better to deal with sponsors that have purchased and sold assets.

Purchase price: $674,000 Cash invested: $134,000 Long term rental purchased in area that is under development and predicted to rise in value over the next 5 years - 2br 2bth

I did a similar thing, instead of a GC, I was an engineer  already in the land development environment and put together my own group to purchase land, entitle, develop, etc. 

Purchase the crammer course through hondros or whichever school you took your classes through, it's helpful in narrowing down the information for both state and national

@Jordan Fujan In my calculations to buy a property once I’ve gone to the initial viewing I typically put between 5-7% for CapEx depending on the condition of the property and how much work we plan on doing to it upon purchase.

People purchasing single family homes for almost retail price for outdated home that will not yield any profits unless the work is DIY.

You simply call your 401k provider and let them know you are trying to borrow money to use as a down payment for your home purchase.

However, once I get my own home purchase out the way, the next move is to start building a rental property portfolio. 

I lent $225,000 of which $185,000 was for the purchase of the property and $40,000 is going toward renovations.As a lender I just want to get back my loan amount back (in this instance $225,000) if there is a total loss with the property.I have seen where a lender tells the insurance agent how much property insurance he/she wants based on a price per square foot calculation.On the other hand I have also seen where a lender tells the insurance agent that the amount of property insurance should be the loan amount in this instance $225,000.

We purchased it because the house was a good price compared to the same quality in OKC.