most people use gross rent as a quick scanning tool to see if the property meets search criteria

@David Echeverria  Hope you'er ready for a great ride to the top by using all the free tools and more.

My model has been to refinance the property that I have, use that to buy another property with cash, which is a good tool to get a better deal, also use that refi money to do the renovation, which I buy pretty distressed property most of the time.

I think you might not be ready yet, add some additional information to your tool belt and you will be able to ask more pointed questions for better responses!

. -- I'm a broker at a brokerage that caters to investors.  

We're willing to tackle what others might consider scary, but tools like Loopnet/Craigslist are either not effective in finding what we're after or what we're after simply doesn't exist anymore.

I have not done a deal yet but I believe I have all the tools to run my business.

Hope you'er ready for a great ride to the top by using all the free tools and more.

But the problem is most of these people will NEVER bring you a lead, the others will bring you regergetated leads they found from a realtor, and maybe 1 or 2 will bring you decent enough leads.With saying that, I have closed one pretty good wholesale deal because of a lead brought to me through this system.It's not a savior, though it could be a good tool...Supposedly the key is motivating and educating the birddogs, but I dont have time to always be telling these people what to look for.

If you preferr to have a 30 year amortized loan, go to one of the online tools, calculate what your payment would be over 30 years with the interest only interest rate and pay more every month.It gives you the flexibility to stop making that principal payment if need be and only pay what you have to.It is a free option to reduce your cash flow in times of need.Now the trick is that the int only loans might have a slightly higher interest rate, not much but maybe 1/8thI think it is worth it.