@Dion DePaoliWould you recommend a "subject to" appraisal as well as a final appraisal after all repairs are done?

Give me a shout when you when you finally consider apartments.

Hi, I'm a new investor and still gathering info before getting my feet wet.my goal is to generate a positive cashflow, while hoping that the property also increase in value (not a big jump, but at least on par with inflation).from the get go,my mind was set on a single family home or a duplex.. until recently someone mention that a condo might be a better investment for greater positive cashflow.With condo, there's a condo fee but the price will be lower, and I don't have to maintain any lawn or replace a roof..I'm trying to figure out if Condo is the way to go.here's my current analysis of a Single home vs Condo:Single home: Price $160K, tax 3600, ins 700. 20% down at 4.25% interest. it can be rented out for 1500/monthCondo: Price $45K, tax 1800, ins 350. will buy in cash. can be rented 500-600/month.

Hello all, Just over one month ago I finally closed on my first multi-family property.

row=3It looks like a good place to start your analysis of your local area.

Do not forget about accountant, knowledgable agent, and I suggest you present deals on BP before you finalize anything especially if this is your first time.

In a hold/sell analysis this is a sale.

So basically the future value appraisal gives the bank a budget to work with that allows them to finance your renovations, then gets wrapped into one final mortgage upon completion.

Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following:Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.Receiving a written confirmation from a registered broker-dealer, SEC-registered investment adviser, licensed attorney, or certified public accountant that such entity or person has taken reasonable steps to verify the purchaser's accredited statusThe underlined/bolded item above leads me to believe that this guidance is only for reference and one can do their own, independent process provided it is reasonable.

Sometimes you go thru several contracts to close one house- One house last year I think I went thru 4 contracts before the house finally closed.