Not to be rude, buy imo if your really making $720,000-1,080,000 a year doing flips your a damn good flipper and should focus on flips for the time being, who knows when those spreads will no longer be avilable, and if your making a million a year on flip and invest a good portion of that into rentals you should be there in no time, but a million is a ton for even a very experienced investor, so your doing something right.. just keep doing it!

It seems a person would have to be more experienced to deal with REO's.

I wanted to ask the vets, experienced apartment building investors, what are some of the average rate given by mortgage companies when taking out a loan on an apartment building investment?

Hopefully I won't come off as a waste of time and I can find an experienced investor to show me the ropes and (MAYBE) even finance my first deal.Does this seem like a realistic way to get my foot in the door?

I've been getting leads and talking to sellers for close to two months now and many of them have Free & Clear properties.If the asking price is too close to the ARV, my choice is always to talk them to seller finance the property.I've being told by other experienced investors that buyers nowadays don't have huge down payments.

The search engine on this site is great and can be closely focused to your needs.Obviously, private money is best found locally.

This is only something you do locally, and that I assume would be the DFW area for you – max.The rest, such as the paperwork and avoiding usury, is extremely mechanical and can easily be covered by an experienced attorney and mortgage broker, whom you’ll need.

I'm Rich- now in SO Utah and one of the most experienced here on BP.

You need to look underneath the surface, what an experienced investor will see on that same walk is different than what a new person sees.Do you know every home in your area that is for sale without a sign?

After you become a more experienced RE investor you will change your mind and know that a measly few grand was nothing and that you wished you had done it.