You're not getting 10% cap rates in good areas today, and you'd be lucky to obtain a 6% cap rate in West Palm Beach.If you want to buy today, you need to have CLEAR exit strategies (and multiple exit strategies as well) or buy with 10 year money and a 25-30 year amortization.

You don't need to do any leg work to obtain title insurance.  

Just as we look at comparable properties to assess value alternative sources of information are out there and they value may simply be more to the consolidation of different sources of knowledge that saves time and effort for a student in obtaining knowledge in a shorter time frame, an economic aspect.Mentors are not gurus in my mind, they participate in the activity that they give instruction in.

When flipping properties to investors / home owners, has anyone obtained referral fees for recommending the following:- Title Company / title insurance- Property insurance- Home warranty- Property managementIf so, what level of commissions are achievable?

Can someone point me in the right direction as far as obtaining & preparing the offer docs to get this deal done.

One thing that would help - find somebody who does this intern yourself for free but obtain a smart way of learning the ropes.

Any tips on your experience obtaining owner financing?

Meaning obtaining a marginal deal to reach your goal wasn't worth the acquisition of a marginally bad deal?

Glad to have found this place and hoping to obtain the correct information for some creative approaches to my project!  

Below are the numbers (actual) not per forma obtained by the owner and agent:5 Units + Garage: Total $3,540 ( Type: 4 (2bds/1bath) & 1 (5bds/1.5bath) Revenues: Minus 20% of Vacancy: $2,852/month & $34,224/yearExpenses: Taxes (Annual) $10,614, Insurance (Annual) $2,678, Property Mgmt (8% of rent) $2,641.92, Maintenance/Repairs (Annual) $285, Utilities (Annual) $1,680, Cap Ex (5%) $1,651.20; Total: 19,550.12NOI: $34,224 - $19,550.12 = $14,673.88Valuation: NOI/CAP RATE = $14,673.88/8% = $183,423.50I did this on my excel spreadsheet and when I ran the numbers on the BP calculator I got a negative cash flow.