But first, let's go get those pieces of paper that tell us that we're smart enough to do so!

Now they can get around usuary by shifting their origination fee into a commitment fee (little different protocol), but most HML's don't know this.The beauty of HML's is that the loan is normally not based on your credit score (especially with local lenders) or atleast not on your credit worthiness (assets and income), you can receive funding within a matter of days (normally about 7-14 days) rather than 30 days+, and you can get a loan on any piece of junk that you find.

When they are all fixed up they will pull about $500 a piece.

My first piece of advice would be to continue your real estate education.

Replacing a piece of plywood will be extra, $55./4x8 sheet.

Bleach only changes the color of the mold to make it less noticeable.To kill mold you need to use a biocide/anti-microbial, and the most important piece of the equation is to ensure that the source of the moisture is eliminated so that the mold doesn't return.

Owning a piece of a self storage, I have to say our total "expenses" (which includes vacancy, both economic and actual, and capital improvements) are surprising close to the 50% mark.

Create and send out marketing piece.

So far the newspaper ad and craigslist ad have brought in about the same number of leads, around 25 a piece.

Ok, I've just finished tearing out yet another piece of perfectly good carpet that was completely destroyed by an idiot tenant for no reason whatsoever.