Hi guys,I just wanted to get m input from seasoned wholesalers as I am a newbie.

Most banks will require you to season the property before using a value other than your purchase price.

Welcome, BP is a great place to connect with seasoned investors.

The call came in yesterday from an older Spanish speaking lady from Kissimmee, FL that received one of my mailers (thank God I'm bilingual!).

New equipment just like a new car performs better and has things older equipment does not.The old freezer the compressor,seals, etc. are all getting toward the end of life expectancy.

Refinished hardwoods, new tile in kitchen and bath, old cabinets, older functioning HVAC, insulated.

Older couples whose kids are grown seem to like them. 

I was told I could get the 70% LTV after 6 months seasoning but the bank just reversed itself and will not loan me as much as I wanted. 

Prelim #'s I'm running show cap near 8% - however I'm fudging high on water (irrigation) if we tied into the city water - I'd like to have a well drilled and put in a warm season grass so the mowing season is shorter and it requires less water.Putting in vacancy of 5% though what I've noticed is the new developments stay full - also figuring Cap Ex as well, which honestly if we build right and dont own more than 10 years or so the only thing we should look at having to replace is carpet or a water heater which is minimal unless a hail storm or tornado goes through.  

Hey @Jeffrey Gibbs   I saw earlier today where you had posted a similar remark in one of the other older posts from Waco and I had intended to ask you where you were at.