So I'm looking into acquiring my next property. And I have one in my sights. A run down 6 unit. It needs some updates. But otherwise pretty good shape. But my contractor has advised me that in the great city of Low...

If one doesn't have an appetite to lend we thank them for their time and move on to the next lender.Finding suitable equity investor relationships takes time.

I am fairly confident in estimating the reno efforts within the individual units but when you start looking at the structural integrity of the building itself and some of the systems (HVAC, electrical, fire suppression, etc) which can be quite different than what you encounter in a smaller building, hire a professional.This is one of the reasons you have a longer diligence periods on commercial / multi buildings.

In this case, and every other 'ring' case, the parties conspire to suppress bid prices.

It helps big time and definitely wet the appetite to own more rental property.Can't wait to hear about the details on your first true investment.

Since it's in a rough area many lender will not have an appetite for it.The 2 new tenants just signed up you can't really count that income.

I have an insatiable appetite for real estate and I am learning as much as I can while doing deals.My goals with real estate are to focus on buy and hold, while strategically rehabbing homes in growing communities.

Being a cash-flow driven buy-and-hold investor, I found it all to speculative for my appetite.

There's a huge appetite for USD world-wide but I suspect our currency is diluted at this point.

Then you inch it up closer to market in years 2,3,4 etc.From a lender perspective the appetite is much lower for the full vacant turn arounds as the risk exposure is huge.The level of rehab needed per unit will matter a bunch on the number.