Hi Everyone,After reading the 4 Hour Work Week by Tim Ferris, I'm seriously considering hiring a virtual assistant.

She saw me borrow and pay back a few hundred grand at high interest and wanted a piece of it...That stuff snowballs as people see you making money and doing things right.

.($232,000)1% was mentioned which at current rents puts the value at $285,000.To receive $300 per month cash at the current interest rate you could only borrow $225,000.

But I think that, Clearly, the best position a Private Lender can be in is a low LTV, 1st lien, they are very well protected, and this type of deal does not require you to borrow more than 15-30% of the ARV in most cases.

Working to see who can assist me in taking out additional equity and refi out of a FHA at a higher rate but the reduction in PMI can help me with the cash out to purchase another property.Our situations are not exactly the same, but to me it seems that a preliminary screening is done by the loan provider asking for the mortgage outstanding and the appraised value and credit score.Then look into the required LTV since a refi and cash out option can result in a higher interest rate and lower LTV requirements.Hope this helps.

A "Flip Transaction" will require 2 appraisals (only 1 can be paid for by the borrower), and the lower of the 2 is used for calculating LTV.

I was sitting here brainstorming ways to apply some of the outsourcing principles to my involvement as a new investor and thought I'd go public, since many minds are always better than one.So far I have a small list going, but would love to hear if you all have any other ways you have put either outsourcing, or any other 4HWW (muse creation, 80/20 rule, etc.) into your real estate businesses.Here's what I've come up with so far:Virtual Assistant (VA) tasks:screening MLS for potential dealsyellow letter campaignsGoogle Adwords tracking and implementationmanaging tenant screening process (background checks, tenant checks, etc.)tracking down absentee property ownersgenerating a list of every commercial building owner in your towncollection and aggregation of data in due diligence process for a commercial purchaseresearching cash buyers in targeted markets identifying common expense items in a new market (trash, electric, water, property tax rates, etc.)What else might make sense?

I will definitely go have a sit down with them this week to let them know it is their collective issue since all 3 signed the lease, and also see if I can assist in finding a new tenant to sublease for the remainder of the lease.

Although there is a lot of red tape and costs if you can use your own money or borrow some.

. - I like your rule on $500+/unit on rent - I think I am going to borrow that rule for my investing.