I think you're going to have a very hard time finding any bank willing to do a purchase loan based off the appraisal value.Not unless you have a ton of money in the bank.I have a friend that is buying some condo units cash and his local bank told him they would refi them up to 80% LTV with NO seasoning.Now he also has over 500k in the bank too so its pretty easy for them to have a comfort level.You're best bet to tie up as little money as possible isto buy with hard money and then refi rate and term after 6 months.

That's about what I was qualified for when I bought in September 2010.What you feel comfortable with is between you and your checkbook.

You choose to set up an entity (i.e., C Corp or LLC) for the legal end and you can later make the S Corp election for either entity to take advantage of the tax aspects.In other words, an LLC and C Corp that elect an S Corp status are treated exactly the same for taxes.

Once the file is uploaded, you will be able to right click the photo and choose "Copy Image Location."

Rates are supposed to remain low for the foreseeable future so all should be fine for a while.Some of us older folks think having lots of cash is comforting and worth the cost, a cost of doing business if you will.

I have selected various areas that I felt very comfortable in acquiring properties but I'm also comfortable holding on to those.

As a newbie I would gladly choose the $400 for 4 hours because I want the extra capital and I have loads of free time.

I collect their email when they move in and i find they are more comfortable communicating via email.

Good Evening,*Please Keep in mind this is my first Multi-Family Property, $5000 is the most I am comfortable playing with for right now*I am currently in negotiations on a 3-Unit Complex (all units rented), bringing in approx. $1400 per month.

It's quite possible that if you're choosing to make offers on only great deals that you *WOULD* need to offer above list price to have a shot at them.