I mainlyplan to flip and hold rentals, but I’ll also be wholesaling whatever deals don’t workfor me or I can’t close on.

Well, once the title company/closing attorney puts together the final numbers for closing, they are being told that anything older than 7 years is forgiven.

(Make sure there’s only 1 insurance payment and the correct number of property tax payments per year depending on your area.)You can take the projected next 12 months outflows divided by 12 and add them to the loan dox you got at closing and that’s what your payments should be after you catch up.

I had to come to terms with the fact that for many markets, small multifamily has become so overpriced that the numbers don't usually come close to making sense.

Looking for the following:- At least 80% LTV- Quick closing- Appraisal mix of income/residential approach- Take historical income from existing portfolio for newly finished homesThank you for any recommendations!

And to use all of the proceeds from the sale in your purchase (again 50% of the total proceeds from the sale).The contract price minus closing costs = your net sales price (reinvestment targetThe net sales price minus mortgage pay off = the proceeds you need to spend.Since the debt is paid off as part of the closing neither one of you will have enough in proceeds to simply buy your replacement with the cash proceeds. 

I'm curious to know, what's the number one thing holding you back from closing your first real estate investment deal?

You will pay transfer taxes based off of the properties calculated assessed value, and if the property is in Philly city limits as your post location suggests, you're looking at a payment of 4.278% of that value being paid at close.

With the VA loan I paid zero down and my agent negotiated for only $700 of the closing costs.

Good people if you need to close in that area.