The guys we are training in Atlanta are focusing on buying proeprties not on the MLS so they can get the discounted costs.

.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.

Yes, you get your rent from the government like clockwork, after you wait 30-60 days for them to set up your account, but what about the tenant's portion of rent?

If you had a default interest clause in your promissory note and didn't enforce that and they still made monthly installment payments, for which you accepted each time, then you are in a sticky situation to require additional extension costs. 

Hello All,I just thought I would introduce myself, my name is Cyndi and I hope to learn a thing or 2, about real estate investing in a very high cost area. 

This is something I'm considering getting into - and would like insight on:- Cost (what to expect for price per sqft)- Book / Podcast / YouTube Channel recommendations Trying to learn as much as I can - looking forward to getting connected!

The billing statement was for around $3,000.00 but that is always the best outcome because the variance process is timely and will ultimately cost more than $3,000 when including legal fees, new use permit applications etc.

Say your rental is worth 100k, pull out 70k, find a property for 40k, and put 20k into, and 10k into holding costs and extra buffer.Refinance that rental at say 100k,at 70% LTV and get 70k back. 

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

She has stated that she will not file an insurance claim and instead expects my company to be responsible for the cost of repairs.