As such I dont think it adds much value other than to meet some fellow investors..

It also takes some risk into account because it predicts you make more on the higher-value properties, where price swings and rehab budgets can be greater.We also use the rule-of-thumb formula above, for our evaluations, and it works.

My name is Elliot and I'm currently a NYC resident and i would like to ask for guidance on where to start investing in NYC i would like to invest in a multifamily unit here in NYC but the prices are a bit high.

Those cheap areas look good on paper until realize how high turnover costs truly are.

If you're interested in out-of-state investing, I can provide insights into the Louisville, Kentucky market.

That ordinance is unenforceable due to 2014 statelaw, so we are renting all Tampa houses at 1 night minimum for 6 years with no issue at all Andrew, can you provide some details on the 2014 state law. 

Sorry bit of a novice on some of these things and highly appreciate your guidance Sir!

I understand there is crime there, just like many low-cost areas, but I reached out to a rehabber about taking some photos of properties for us and he told me to look in other areas because of the high crime rate and that "it just keeps getting worse." 

Ben,It applies to Conventional loans and other programs as well because its seen as a "Business expense" but you have to provide either 12 months cancelled checks or 12 months business checking account statements to show being paid for all 12 months.

Feel free to reach out to our office and we can provide a detailed quote for the new loan.