Without sounding as if I don't appreciate the speed and ease that email affords us, I do feel that in some cases there is just no substitute for being there in person.Remember, buying a house at a discount actually requires tremendous salesmanship on your part: you have to "sell" the owner on the idea of selling you the house cheap.

What they can do is lend out on local properties that the other banks might not touch and also will ease qualification requirements on borrowers some.

Hope this puts your mind at ease. ;)

I've been working on putting together a strategy to build capital through flipping and ease into buy and hold; it's great to hear someone able to make a decision and make it happen so successfully!

For ease of commute, I'd probably look at the seacoast area, and stay away from Lawrence unless you're prepared to deal with the tenant base.

Putting ease aside, in your opinion, what's the sweet spot for consistent, let's say annual, returns on large amounts?

The funds could be applied to the budget shortfalls to ease the tax burden on those making minimum wages.

I spoke with the owner who stuttered and seemed ill at ease on the phone.3.

I'd recommend making sure you have your mortgage before the contract begins just for ease.

George,First the number 550 a month in rent.Let's break it down.For the area does the 550 offer first months rent free or half off or a waiver of security deposit.If that is what is a happening with competition for the area then rent is not 550.Let's say it is 500.Now look at the 500 per month.You will need to deduct your rents for crappy stairs to walk up,a sloped parking lot,no amenities,if you do not have a washer/dryer place for hook up etc.Your rate will now be considerably less than the 500 others are charging.If I am a tenant looking for a place I want the level lot,ease of walking into my unit,do not like tenants above me,ample and level parking,amenities,place to do my clothes.Buyers on resale will more likely want a 12% cap.I look at a lot of apartments for clients.This one to me is a pass.It has too many negatives going for it that make it hard to rent and retain long term tenants.Again that can be solved by a below market rent rate to make up for the problems it will still have after rehab.