@Ben@Ben Leybovich undefined should address this.You may want to ask the seller if he would mind if you earned a bird dog fee, an assignment fee, get the property under contract, and assign it for $20K, don't get greedy.

., are used to simplify the equation and are not dissimilar to anyone analyzing stocks who uses a price to growth ratio rule of thumb (PEG ratio) or price to earnings ratio (P/E) rule of thumb.

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Rates today would yield you about a $7500 credit unless you're locked in...appraisal is a little high by a couple of hundred bucksI am with a "Direct Lender" called Skyline Financial out of Calabasas if you need some extra help email me [email protected]

Since the tenant caused the damage there will be no reduction in rent , and repairs will be extra rent .I have the utility company contact me if utilities are shut off , the properties on well have no water without power , city water does , when I get a shut off notice , I go over and blow out the water pipes (winter only) and I disconnect the electric from the water heater ( save the elements) .

Hello all,I'm currently living in Germany for work (not sure on how long my family and I will stay here but we're hoping for the long run) and own a property (lived in for just over two years) in Northern Virginia, which is currently being rented out (and managed by a PM firm).I would like to own multiple residential properties to serve as extra income and eventually move onto commercial investments (or possible multi-family properties, such as apartment buildings).I'm here to look for advice on how someone in my situation could start pursuing this goal.

At some point, it make sense for you to consider getting your agent's license ($1,200 up front and $100/mth), to have full MLS access and ability to inspect properties, control deals, bid low on HUD properties, and earn an occasional commission.

That's assuming you, as owner, are paying heat which is pretty typical here in this neck of the woods.You should calculate your actual cap rate based on actual expenses and using a realistic income figure for your owner occupied unit.I'm not a loan specialist but I would think any attempt to refi or strip assets based on the full potential of the buildings earnings would require you to have the unit rented.

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