I closed one today.. in Charleston but that is rare for me.. too much throwing stuff up on the wall and see what sticks from those folks. granted they can bring some deals.. but anyone contacting me wanting to put me on their buyer list I really don't respond to.What ever happening to apprenticing in the industry to build up capital and experience I guess the internet has given this illusion.now granted in some markets were you can trade houses like your trading cars it can be done.but in the higher priced markets pretty darn tough without some expeirnce and some jingle in your designer jeans.

I am a marketing director/graphic designer who has always loved interior design.

If I had to do all over again, I would buy in areas that attract better quality tenants.Personally, I would never go under 1% unless I was very confident the area is going up in value.  

Taxes 3,350Ins 1200 (guess)Rent 1100-1350 (most likely section 8)60k purchase5k rehab (simple cosmetic to attract better tenants)Cash purchase, cash out loan after.

Once you identify what the potential exit strategy is structure terms that will solve the seller's problems but would be attractive to your end buyer. 

You are the end product of their meticulously designed sales pitch, and they use every buzz word to lock up your emotions in just the right way.

I could see the usefulness in the future becoming a Designated broker at an office I open up with a partner. 

I picked this one as my model.I am a graphic designer and web developer, so I used Photoshop to try out some different color possibilities for our house.OriginalHere I am testing color samples.This gives you an idea of the vision that I had/have for this house.  

I actually used vistaprint to design my own postcard.

I believe that cap rates are important and cash flow is king.My thought is that constructing a new multifamily property will be more attractive to renters rather than offering an existing 'older' unit.