If you you buy with no money down and you break even after monthly expenses then you're still ahead of the game because you have appreciation, mortgage paydown, and you're 1 rent increase away from positive cash flow.

Being a business owner and having some cash will put you light years ahead of other new investors.

The data is available at any of the large apartment associations/landlord associations.Most new landlords start out reading some of the guru books and use the guru formulas, which don't include many of the actual expenses.

Again my formula for doing that is that you have to flip them as fast as humanly possible.

Formula: After Repair Value (ARV) – cost of repairs x 70% = Maximum Purchase PriceExample: 100k ARV – 20k Repairs X 70% = 56k Maximum PriceFind out the procedure for bidding at auction, do you need all cash?

I dont know if the cd loan thing will work right now unless you can manage a low interest rate on the loan >5.75%you may want to up the card useage just a little , about $50 a month should be right about where the creditors like you , taht will raise the average balance on the card up to the 10% that they like to seetheres a whole formula to the FICO score thingCredit scores are numerical indexes based on an algorithm developed by Fair Isaac Company, called a FICO score.

So if you're serious about REI and you want to get ahead in life then under no circumstances are you to buy a condo that you plan to live in using all cash.

Typical formula: (ARV – Repairs) x 70% = Maximum Price. 8)

It's unconventional thinking that will get you ahead often times much faster than thinking things can only be done one way.

We have a duplex which we bought at a very good price and even with repairs, we're ahead.