Leave the less desirable ones as a backup to contact if this prospect does not work out.

Will you use the HELOC as a short-term bridge, or plan to hold it longer?

“As a property continues to sit and become dilapidated, it’s like a cancer,” she said.

My name is Ashley and I’m looking to provide value as a bird dog by helping investors find off-market deals in areas like Trenton, Hamilton, Hightstown, East Windsor, and Princeton.My goal is to learn, grow, and build lasting relationships with investors in my local market.

View cash flow as necessary to cover expenditures and meet debt coverage ratios in order to obtain favorable financing, do not view cash flow as a vehicle to cover future down payments. 

The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

The algorithm has no idea if the problem as a dysfunctional layout or just the fact that it is dated and nobody has spent the money to update the property.  

If I left it as a 2x1 I would only see getting $800 monthly. 

Do you think my age will impact my authority as a landlord?

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.