hi,relatively new to the game. i have a property with good potential in an area i think will appreciate well. in my current situation, i am not strapped for cash and can save 7-8k month for real estate purposes alone with my current job. this will be by first SFR and goal is to have at least 12% COCROI and have a minimum of $150+ using the 50% rule. im more or less in it for the long term game and want to retire with a rental portfolio that can supplement my income within the next 10 years. here are the two scenarios for the following property:property: $65krehab costs: $10kclosing costs: $3,200wholesaler costs: $2,500i plan to put 20% down on a 30 year fixed loan at around 4.8%Scenario 1:I cover out of pocket for rehab and wholesaler costs as well as downpayment + closing costsProperty: $65kRehab: $10kWholesaler costs: $2,500k Downpayment: $13,000kClosing costs: $3,200Total cash needed: $28, 710COCROI: 12%Monthly cash flow: $28850% rule: $313Scenario 2:I finance the rehab and wholesaler costs through my bank.

Both uses are correct, and I would argue that the best way to tell the difference would be that the investment style (noun) should perhaps be capitalized - but that would required everyone on BP to adhere to the same grammatical rules, and that's just not how forums work ;)What you're talking about would be a more DIY approach, wherein you buy a (lower-case) turnkey property and then find your own PM, not an (upper-case) Turnkey investment where one company does everything from scouting to rehab to management, all under one roof.Hope that helps!

It started as simple forms to help me, then before I knew it...My suggestion is to follow the reverse engineering steps I laid out above, then when you get to the beginning, turn around, and "follow the breadcrumbs".I saved the most important rule for last.  

Sometimes HELOC is the better option, but qualification can be a deciding factor.I'm a mortgage agent, my client list is about 50% investor focused.

Hello BP,I'm trying to analyze a deal everyday until I pull the trigger on MF.Here are the details:Purchase price: $1.049MMonthly Rent: $81001-2% rule, no: 0.77%Area: B+/-Units: 3/2.5Days on market: 203Year built: 2015Estimated commission to me: $31,4912 car Garage1800 sq ftQuestions:1.

And this is with heavy traffic typically between 100 and 50 and 210 men who obviously don't care about the floor.

We use the following rule of thumb - if it does not do permanent damage to the property, if it does not cause neighbors to complain and if it's not a legal issue - it's probably okay.

make it contingent upon getting approval from the townshipWhere I am you pay $100 fee to the county or town for a ruling one way or another

I know the VA has a rule that only properties up to 4 units are qualified.

I just barely break even and probably make about $50 a month or so on this rental but it is not a negative cash flow property.