Thus, it doesn't attract a prospective renter when s/he arrives at the property.I don't think the seller will accept 50% of current FMV.

So do you think that if I put toghether a good business plan and show that the money works out I might be able to attract some HMLs with no skin in the game in this lending enviroment?

In another thread on the forum I just wrote about my experience at age 23 of being a stockbroker and how the manager was a short sighted and wanted us all to mainly cold call to get clients.I was better with face-to-face introductions and attracting prospects to me instead of me hunting for them with cold calls.A couple of years after I left being a stockbroker I stumbled onto Stanley's book "Networking with the Affluent and their Advisers".

So, getting the financing for your first flip is different than buying a house to live in normally.Banks will still lend people money for flipping a house though, but you have to put together an attractive plan for your business (because that's what it really is, a business like any other start-up) to sell to the bank.

Learn not only whether a property is a good deal on paper, but whether it will be an attractive place that will consistently draw good tenants.- Formulate a plan.

Some people are primarily attracted with the easy part, so when they find out how hard it is, they are not willing to follow through.

Personally, I go with 30YR since liquidity is important to me and I never think we will see rates like we see today ever again.. so saving < 1% on rate and doubling my amort payments isn't personally attractive to me.

According to "Emerging Triends 2012" and "Emerging Trends 2013," Charlotte is slowly increasing job growth and becoming a more attractive investment.

I wonder if a spread sheet would show that cheap property in the long run performs worse than more expensive property that is located in good school districts that you rehab nicer to attract and keep low effort renters??

The narrative, as I understand it, is that a Realtor will hold one usually because the homeowner wants one and is under the mistaken impression that it will attract serious buyers, when in reality you get curious neighbors and the competition.What do you all say?