I've been reading through several forum threads and a common thing that I've been seeing seems to be that lenders won't lend to LLC's for SFR or MFR (Duplex or Triplex) but only for commercial. Is this correct? If tha...

But now what I already have another rental in Kansas that makes around 300 a month but the market has slowed down a lot because of oil prices.

Regina and Saskatoon, Saskatchewan are in a boom, as Saskatchewan is starting to get used to it's fullest (future oil areas, potash, etc.), I'd say definitely research here.

.* Listed at 75,000* ARV 135,000-140,000* 3bed/2bath brick - stripped to the bone - needs floors, bathrooms redone (missing sinks and toilets), kitchen redone, new heat pump, junk removed, holes in ceiling and in walls, paintingFiguring offering roughly 56kThe thing is, we found out from neighbors that the owner fixed cars and dumped a bunch of oil in the back yard.

What I received in return were lease agreements from 2016 which are month to month and a document called a "financial statement" which consisted of a list of expenses (oil, sewer/water) That was it!  

Either by; buy and flip or buy and hold properties. i am not looking to reap the rewards for at least 10 years.( i am 29 now). my location is in Bakersfield Ca. i currently work on a land based oil rig. i have a construction background and there is nothing i cant fix/build myself when it comes to rehabing a house. i am open to all sorts of ideas so i can then narrow down my path of action. in your guys experiences what would be my best bet. any advice / input would be greatly appreciated. i just dont want to get discouraged, go out and buy a boat or something and then regret not seizing this opportunity when i had the chance.

Housing prices are high do to the oil field in our South Texas area.

My goal is 10 good houses bought during this crash with the hope they will jump up after the oil market comes back in the next 2 to 5 years.

You have far more to contribute than simply cutting and pasting the same reply.Mattia,this scheme was prevalent in the Baaken oil fields in North Dakota and marketed heavily to Australians.. the projects were abject failures with total capital loss's.you simply want to make sure who ever your doing this with is VERY strong financially.

If tenants get a $400 winter electric bill for a 1 bed apt, they will move out after one winter to a cheaper place.We've separated heat in many building to have tenants pay.My first choice is gas hot air, possible with central air if the building can afford that.My second choice is anything else driven by gasMy third choice is heat pumpMy next choice is everything else.Old buildings have old windows, little to no insulation and need efficiency of heat, no oil, no electric heat.