Many industry experts agree that because of this nationwide shift, right now represents one of the best times in history to invest in Multi Family Real Estate.How to Find Deals/MarketingGreat deals will be found by: Working closely with Realtors, online ads and marketing through Social Media, Driving for Dollars, and targeted Direct Mail.

I am a new investor looking for private equity/hard money in the northern Idaho/eastern Washington areas.

There look to be a lot of great resources on the site, and I'm wondering if someone can direct me to any experienced buy and hold investors in the northern NJ area (Essex, eastern Morris, Passaic, Union, Somerset counties) who might be interested in meeting for a drink.  

If you really really want to buy an apartment in New York City the first thing you should do is to go to a Mortgage originator and go to FTC.gov and download your free credit report and bring that with youYour past credit history is not the biggest problem; what is the biggest problem is that you are aggressive in building new referencesThe fastest way to build a stronger credit report is to do what's called "bank round robin"Take $1000 and go to bank one like Bank of New York, and talk to the manager and say that youd like to build a credit rating and get a mortgage within 12 monthsTheyll give you a secured loan with your thousand; then you take that thousand and go to bank to like Wells FargoTell the bank manager the same thing, that you want to pledge that thousand as a secured CD or savings account and get a  $1000 loanThese are called installment loans and now your job is to double up on payments on both loansSo it say your payments $80 a month with each loan or 160 for both of them every monthYou then make four payments every month and they'll be paid off in six monthsAt the end of six months you have 2 open accounts with two banks on installment loans, and paid as agreed with zero balancesYou may want to take one of those credit cards and establish credit at Macy's or other department stores with no more than two of them; Buy something and pay it off right away or keep a small balance because credit utilization rate is an important factor; this means keeping a 30 to 40% balance and even though it cost interest get you more points on your FICO scoreYour length of job in the same industry, you length of residency in the same place, and how you pay your bills on time will build a credit rating faster than anythingFYI I do lease-option assignments where I help the tenant buyers get mortgagesThis plan works faster than anythingGood luck

Realistically, properties do not appreciate fast enough for you to refinance out of the VA...unless you are in one of the largest runups in history.

I have talked to a number of realtors in my area and these are selling well.Purchase lot $31,000Plumbing $15,200Electrical $10,600Concrete $15,800Dry Wall $12,760Flooring $4,000HVAC $16,158Lumber and cabinet package $66,976Driveway $3,200Landscaping $1,200Realtor fees when selling $13,000Bank fees and interest $4,100Building permit $1,700Labor to build - Paid to my construction company $36,750Total cost $234,344Going with recent history of what others are selling for in the area it looks like it should sell for a minimum of $250,000 possibly closer to $265,000.

All they know is that some corporate shell with no history is now taking management control of "their" assets/collateral.    

@Tony SanFilippoSouth Eastern California.  

So lets say your purchase price is $60k + $10k = $70k x 0.75 = $52,500 loan Then$60k x 0.25 = $15,000 down payment (earnest money) with a balance of $45,000$52,000 - $45,000 = $10,000 left on your loan for a rehab(draw for repairs from hml)Some will require credit score, all will check financial statements, most will request a BPO or Appraisal, some will require history showing experience in the business and you as a new borrow will always pay highest interest usually 12% - 15% over 12 - 24 monthly interest only and around 2% - 5% in upfront fees.

I personally think shabby's in downtown LV hold the history and still has potential!