I would raise their rent some each year regardless but would always go back and run the numbers (inflation, mortgage note, water bill, taxes, security light, maintenance, etc.) and make sure the numbers work to positive cash flow.the last thing you want to do is to not raise the rent for 3 years and then get a bump up on your water bill or taxes and then have to raise the rent all in one shot.easier to do it gradually over the years keeping pace with inflation and expenses.Brad McLeod

It's easy to read and they have live help on the phone.Their criminal background check is worth the money and they've dug up things that the applicant swore had been expunged.You have to go thrrough a security background check and an office inspection; nothing hard about it.Credit reports come up instantly on-line.

You can write 60 days, or 6 months if you want.To wholesale you do not need to secure a loan incase you cant find a buyer.

What you are looking for is the security of employment with the rewards of entrepreneurship.

I also bought every one of those properties at a BIG (huge) discount, making the LTV very low and the bank's security very high.

When purchasing a multi family.....what happens to the security deposits that they paid the previous owner?

In the future, when I am able to get a more secure and steady internet connection, I think I am going with VOIP.

Locking the rent in at a rate somewhat below market could somewhat lower the value of the building in the coming years (since the rates could be below market), but if we could maintain even a 9% cap rate (i.e. let them rent at 10% less than they are paying now) I can't imagine having trouble securing financing.I mean 9% cap on a AA secured property for 7 yrs gauranteed would be amazing.

If have Dealer staus acording tothe IRS even if you hold a property longer than one year you still pay ordinary income on it and all your gains are subject to self empoyment taxes (ie: Social security @15%~~).

Any time I've ever done construction, I just got a contruction loan and the bank accepted my ownership of the land in lieu of a down payment.The bank wants security and the clear title to the land quarantees that there is equity in the project.