However, products and bank appetite changes frequently, so it's worth it to call every single one.If you call enough of these, you *should* find an investor-friendly bank that "gets it" and makes purchase+rehab loans for 75 to 80% LTV, with quick closes and instant-issued pre-approval letters to back your offers, at a very reasonable level of closing costs and a good personal relationship with a local banker who can make decisions.I was just hooking up with a bank in my area who does the following:1yr ARM at 3.99% fixed for 1 year3yr ARM at 4.99% fixed for 3 yearsNo points and no prepayment fees30 year amort. schedule and final maturityAbout $500 in total feesRehab portion released as work is completedIf you decided to keep the property, the floating rate terms (after the 1yr and 3yr periods) would be 1yr Tsy+375, w/ 2% annual change cap, 6% lifetime change capNo balloon, straight 30-year amort.Once you have a little more capital, you'll likely want to make cash offers to improve your negotiating stance, so you'll want to make sure that that the bank will come right in behind you after the close, do a cash out refi and fund your rehab at the same 75-80%.

So you want to choose a site that updates frequently, removing "bad" sale data so you don't stand at the courthouse steps waiting for a sale that was rescheduled.

I would recommend getting involved on this site frequently, as every topic you can imagine is discussed completely.Let me know if there is anything I can do to help.

Not to say you won't find the experienced guys there too, you will, but they frequently already have sources lower than typical hard money rates.

As soon as you’re labeled a habitual contract flipper in the market, you’ll find it very difficult to have a P&S contract offered to you.My recommendation would be to try your hand at wholesaling in Queens, Brooklyn, the Bronx or Staten Island where prices are lower and sales are much more frequent.

I cannot find an actual law, but a google search returns this phrase frequently...

He does mailouts frequently.

So I have an Agent I've been working with to run comps for me, interesting thing is her comps frequently put the property 20-30k above my ARV's everytime, just like wholesalers I see out there who are trying to misslead people.For example she recently sent me comps of a property that had an average ARV around 140k, the problem is every property on her list had nearly double the square footage, so these aren't even accurate comps at all.I use a program that allows me to search the MLS and runs comps for me and I feel like I'm pretty thorough in keeping square footage within a couple hundred feet, bedrooms and baths nearly identical and factoring in certain amenities like pools,garages ect ect.Do you feel like this Agent simply doesn't know what she's doing?

I drove this stretch twice a day for seven years, ate lunch countless times at the intersection mentioned above, and shopped frequently at the Staples that used to be right across the street.

Here if the tenant were to service a notice of termination (with the appropriate period), we would immediately start advertising the unit and would arrange blocks of time for viewings with the tenant ... in the last month of the tenancy we would only be required to provide reasonable notice prior to showing the unit.In some jurisdictions, if the tenant elects to continue month-2-month, the landlord is compelled to accept that outcome.The business decision you need to make is: are you better off continuing on a month-to-month basis with your current tenant or securing a new annual lease and have this tenant leave (if this is possible).When making this decision, note that you will quite likely loose a month's rent turing the turnover process and, if the unit requires work before it can be re-let you will incur those costs.Unless your market has very critical windows for renting properties - such is frequently the case with Student rentals where most leases start in May or August/September - there is probably not advantage to having this tenant to leave at the end of the current lease.