I'd suggest you continue to build that network of wholesalers/deal finders, specifically the smaller mom & pop type wholesalers compared to the larger companies out there.

Purchase price: $335,000 Cash invested: $247,000 Our 1st and only rental is a 3 bedroom house near a hospital What made you interested in investing in this type of deal?

The higher your income the better because you will be ale to be more flexible on the areas your looking for as well as the type of properties.

They will spend $6k on setting all of this up and realize that they could have just kept it in their name with a good insurance policy.I am a "if you are gonna do it, then do it right" type of person.

What type of floor did you have under the vinyl planks?

I never heard of this type of loan.

If you have a set way (SOP) for handling this type of a situation you need to stick to it.

In particular, I'd suggest asking those folks about what types of challenges they encountered, lessons they learned, and mistakes they made with OOS REI ...It's a lot easier, safer, quicker, and cheaper to learn from other peoples' mistakes than to make your own...Good luck out there!

I'm in the process of purchasing a triplex. Currently all 3 units are rented with tenants.  2 are month to month and the third  is up in September. Closing at the end of March..  I was thinking about possibly living i...

We often find opportunities to make Conventional work, which means a rate that's likely 1% less, no prepayment penalty period (most but not all programs have such), less risk of the deal falling out due to a low rent estimate from the appraiser, and less chances of your offer getting rejected due to it being "other" type financing.