Also, it's a lot easier to take an inch off of the last row of blocks than to add an inch.

I'd read $5000 as a minimum here and elsewhere, and it seemed fairly reasonable as that's approx 3% of the average market value in my target area.

And hey, if you'd like to bring up some legal issues that would be great, too, because hey - LLs are increasingly becoming 'targets' (ha ha) in more ways than one.

swgprop is right on target.

Get out of the house and look at 100 or so properties that are for sale in your target area.

It just means they might be my first targets after I get all the numbers :lol:

He suggested I do a commercial loan with a balloon payment in 5 years, because he says it is fast and easier, and he really doesn't deal with residential loans, and he said it is just easier and faster ect..

For example:You can not charge too much rent for a given appartment (max would be app 600,= EUR/month)You can not evict renter: renter protection is really extremeYou can not raise yearly rent by more than the inflation rate (this year 1.6%)Most mortgage's are guaranteed by a special fund in case of defaultI'm targetting on appartments with after repairs value 100.000,= EUR (give or take).

I was just looking at a property for 36k and was approved and had an approval letter in 2 hours.Many small local banks will give you loans on lower value properties if you can show that you personally can cover the mortgage and if the property cash flows that makes it a lot easier as well.Just try a small local bank...

I also want to take a second to let you all know that we're on the verge of launching another series of updates to the site, including a new, easier to navigate front page, photo galleries, and an updated property directory.Best,Josh