Bold low offers, Verified denials, And keeping a large number of offers on the table.

In fact that is initially how I started studying so much about it.

., after you verify the rents and the major operating expenses like taxes and insurance, and apply your own experience about the typical costs to maintain and the amount you need to allow for potential vacancy), you decided that these properties are being offered at something closer to a 5% cap rate.Before you spend any more time or effort considering these properties, you know that, at their asking prices, they are not worthy competitors for your investment dollar.

The 4 mortgage rule is not important to my initial purchase, it is important to succeed with my end user buyers.

Good thinking.So what angle do you use to get them to call initially?

I typically use a construction loan to update or remodel for the initial purchase.

However, would be possible if I were to open a secured credit card by applying at a Wells Fargo with an initial deposit of say $5000 and after receiving the card in the mail, withdraw my initial $5000 deposit?

I know that there is a difference of opinion about using money from profitable holdings to carry another not so great initial deal.

Yes, it was a year or more ago but it is real money and you could provide a cancelled check to verify they really gave you the money if necessary.

I'm interested in residential rehabbing and buy and hold initially and would like to move into larger scale commercial redeveloping.