If the appraiser used different comps have your realtor submit any additional comps and include a list of repairs/upgrades that you made to the property.Good luck!

Then on top of that they charge a 7% Commission (that would equate to additional $26,250).

She was older, had lived in the home for 20 years, and the prospect that she would have to owe money to sell her home was insane.The second deal I acquired since the original post is a 2/1.5 duplex condo in the Kenwood area of Chicago.

As we acquire more properties we need to find more investors so we are hoping you guys could help brainstorm some ideas to help find these investors. 

As we acquire more properties we need to find more investors so we are hoping you guys could help brainstorm some ideas to help find these investors.

As we acquire more properties we need to find more investors so we are hoping you guys could help brainstorm some ideas to help find these investors.

I'd like to collect rent on the 1st and then pay the mortgage on the 7th to prevent the lag of pulling money out of my property account just to put it back in within a day or two, but I want to make sure that my interest won't go up in the 6 additional days if I pay it on the 7th.Can someone let me know if that makes sense or if I'm misunderstanding how mortgage interest is calculated?

I purchased the land with the intentions of building additional duplexes in the future.

Along with the refi after a year or two, I would save up the cash flow to buy another property or contribute to the down payment to get to 78% LTV as fast as possible to avoid PMI and to be able to qualify for a regular loan.Based on everything I know, this plan seems to be the most efficient way to acquire as many units as possible in the shortest amount of time, but again I am fairly new and don't know all the possible options.

We plan to use 4 (there are 4 of us) separate FHA/203k loans to acquire tri/quad-plexes.At the moment, we are campaigning to gain outside investors and cosigners and will hopefully be profitable with a couple units by early 2017.