Fielded quite a few calls but haven't talked to too many motivated sellers yet.Anyways, I went on my first appointment w/ seller yesterday he owns a 7 residential unit property with a commercial (business office) unit as well - 8 units total.

Rent on the two units total.

Since the total outlay doesn't show up on the tax return immediately, it's somewhat hidden from view.

Auctions are hard just because of competition of being a little guy going up against the big boys with pockets full of cash.Sorry, don't want to be a total debbie downer, but just make sure you know what you are looking.

“ they're probably compensating for something else “That’s why I drive small vehicles“ if your Realtor ignored you to talk to a stranger “I totally agree – new real estate agent ( next )His vehicle would not last more than 31 minutes in City of Milwaukee un-attendedManuel Acuna, stay motivated

Since the HML lent you funds for both purchase and rehab (many will go to 100% of P+R as long as the ARV is sufficient to keep the LTV below 65%), you are not looking for additional cash from the conventional take-out lender, just a refinance of the total HML loan.

Hi Bill,I totally see your point.

It totally depends on how you work.

Let's say you can find a lender to do 90% CLTV (might be possible with owner occupied).0.9 x 270K = 243KSo 243K is the total loan balance you would be permitted; subtract the principal balance of your primary loan from that 243K and you'll get your potential equity amount.Don't know about seasoning ...

In this case I added 12% bringing me to $33,096, which I round to $33k.While I think some of your numbers were off, the total is probably pretty close to what I'd expect to pay if this were my house in my area.