Demand is higher than normal in the subdivision we are targeting and we have already lost 2/2 homes we were interested in.

Meaning, on your BUY step, if your lender provides you with 75% of the ARV with lending....and then your REFINACE step MAXIMUM of a cash out loan is 75%....well, you are already at the maximum loan amount before you get to the REFI step.Again, to examine this in a way to what is SUCCESSFUL, we target BUYING and REHABBING at 75% ARV so it limits our out of pocket costs. 

I think you would be much better served by networking and finding reputable contractors and PM’s to help you through any rehabs and then target light rehab properties off the MLS that can be had all-in for 90-100% of retail.

When I’m doing a deal I also look at the estimated mortgage and required reserves to make sure the deal will meet my cashflow target

I'm targeting multi-family properties (less than 4 units) or single family (3 bed, 2bath) homes. 

Hello BP Family,I have MLS access.  I'm hoping to get some feedback on the step by step method you would take as a newbie choosing a neighborhood and analyzing that market. EVERYTHING you look for.  Thanks

It evolved into a site that offers it's users incredible searchable market data which can be filter to create very targeted lists.I'm not pitching the site and don't stand to benefit. 

It's starting to look to me like 60% for expenses might be a better target.  

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!