Also, The money I was going to use for a downpayment, I am having to use to pay down my monthly bills ( credit cards ), to get me at a DTI , that will qualify me for a loan on a house in the upper $80's to lower $70,000 range.

Hello Everyone,Thanks for taking the time to read this post.Ive talked with a family member who is willing to put the full purchase price of the 4 plex if the numbers look good.My thoughts are that I can refi the property in a couple of years so my family member gets paid back all his money and then I assume the rest of the loan.For the initial 2 years of repayment, what is a range of interest to pay back on that loan?

But, I don't accept that arming them with a rule, guideline, or whatever that will yield a range of $9775-$22425 on the same investment is helpful.

He is willing to look at Queens or Staten Island but that is outside his comfort zone so I need to be really strong with the numbers.Think scenario purchase $500 range for brick two fam, new kitchens, new floors, new toilets, paint & flip 3 months later for $800.

., perhaps a roundtable for women investors ranging from the basics of getting started, to marketing and innovation, to partnering on deals in other cities.

90k a door sounds pretty steep but the 50% rule says the NOI should be in the 10.2k range which is about a 5.6 cap on 180k, in the typical range of asks in SE PDX these days. $140k would be a 7.25 cap and I would start there with an offer if it were me, but there's been a lot of interest in SE lately so if it's listed you might have to start more towards your MAO of 160k.

All the time I've owned it, the flood premiums have been somewhere in the $700-900 range.

Her strategy is to pay down our first property considerably before buying another one, and my strategy is to buy as many as possible and use our current income to leverage more properties.We have a combined gross income of 250K and FICO scores north of 700 and are looking at properties in the 200-350K range in MA.I am not clear on the debt to income ratio and the role rental income plays in acquiring more properties.With the above figures (and provided my and my wife's risk tolerance reaches a middle ground), are there challenges with us acquiring multiple properties/year with conventional financing?

Rarely are there more than 1 bath unless you are going into the higher price ranges.

If you can find something in the 150 range, rents are ~550 so you'd have a GSI of 2200 with 50% puts you at 1,100 with a traditional NOO at 25% down at 5.25 your mortgage is $621/mo giving you $120/doorWith a FHA loan you'll be in negative cash flow unless!