Any Realtor will tell you that the value of preapproval can be toilet paper or it can be gold, it depends on the LO.

So in the case of your friend, if he has turned his papers and an official date is set in the system, then the lender will know the future when we request a VOE (verification of employment).

I’m also relatively new and this is really a foolproof affordable means to try first (cost of paper and stamps).

Hi Michelle, A general help on strategy read my paper on buying rentals, linked off my profile 1st paragraph, How To buy a bullet proof rental portfolio.A 2nd help is if you are serious about setting up a system, team and set of local peers, you should consider joining the local REIA that I ended up choosing for all my local support, contractor referals, legal helps etc.   

I suggest AdWords if you're going the online route, simple because people will be searching you and submitting info as opposed to just clicking random buttons on Facebook.

If you found a fairy godmother that you only had to pay 5% simple interest, your carrying cost would be $30000 + insurance and taxes for 6 months.

If it were simple, everyone would be doing it!

One of my clients just got a really simple claim turned down by his Berkshire Hathaway owner's policy. 

Something as simple as "what made you decide to call?"

A simple interest calculation is PxR/T (the principle of 70% of $700,000.00 is .7 x $700,000 = $490,000 x .0435=$20,825 per year.