The  CoCR tells you how quickly you will recover your cost (how much you spent out of pocket) on a property. 

Hello All, Last night i spent a few minutes and tossed together a app in podio to assist me in quickly working out deals in the future.

The lender, not denying any of this, has verbally agreed to a discounted pay off if arranged quickly. 

We definitely need to make some connections on the financial side so we have the ability to grow more quickly. 

However, I am finding through my talks with some lenders that, since I am still relatively new out of school and have multiple student loans (although I have great credit), my saving grace in terms of getting a loan to fund my first deal is the salary my day job pays me.I know that real estate isn't a get rich quick scheme and that I will probably have to stick out my day job for a couple more years, but at what point do you see banks, lenders, etc. start to give you loans to fund deals without a steady stream from a corporate job? 

You can certainly find good PMs in Columbus - and I would and do recommend my guys all day - but their time is valuable: asking them to drive out there for maintenance, showings, etc will either be a rejected ask or come with a $$expense for their time and gas that quickly scuttles deal economics2.

@Victor Steffen quick question - above u mentioned $1000 CF per door but in the example, it feels like 1000$ CF over the three units... does the example # of $1000 over 3 units suffice for enough of a return?

It was great because it has seasoned me, in many ways, to make quick "Go/No-Go" decisions, to not get too attached to potential assets, and to understand what criteria investors typically look for.

I would never use a national resource for title searches unless it was a national title underwriter. all my note transactions are done by the local title company  No national vendors all fresh title I know most don't want to do this but I am not going to be that guy that gets a client into a bad title situation.. so we are over kill for sure as we order a new escrow on each note assignment.. but hey better safe than sorry when it comes to our investors dollars.

Do you have funding available to close quickly?