My 1% member has great credit, but low income relative to the asset.2.

The local area crime rate is low according to Trulia.com, but I've also heard many realtors laugh out loud at some of the information available on the popular web-sites.

So, if this was me, I would keep the rent low and take a percentage.

So I’m looking at 2 unit home with parking listed at 114,999 after 5,000 price reduction on market 46 days ARV 249,000 needs about 75k in rehab.

My wife’s income is low, and right now she’s been furloughed because of the pendemic so I don’t think we can do 2 loans.Anyway we’ll see how it goes Thanks again.And good luck with your journey.

@Chris BerryYes, that is one of the greatest tool for real estate investing.You can show it to lenders to get low rates and quick loan from reputable lenders.

We're keeping LTV low, taking more term on our debt than we anticipate needing, and have a plan that focuses on bringing the old leases more in line with the current average rates.We also run Downside scenarios to see what the numbers look like if we're wrong about room to increase or (worse) the market changes and results in vacancy going up and rates going down.Those are not pretty of course, but a large part of winning is being able to stay in the game.

Likely low.

We pay 1400 in mortgage and rent it out for 1700 (which is VERY low for the area and we will be charging $1900-2100 next year, we were just in a rush to rent this time around).This year we bought the house we live in and owe 250k and it's worth about 296,000.I am 30 years old, and a stay at home mom.

With 2k to invest you are probley going to look towards a owner occupied property to get a low down payment and try to get closing cost paid by the seller.