The acre seems to have a lot of distressed stuff coming up.

My brother in law is interested in doing some JVS with us so that is fantastic from a capital point of view.One delimma we are facing is having no credit rating yet (slowly working on it but seems to take ages)Anyway that is a little about myself, look forward to meeting many like minded people and learning a lot, hopefully not the hard way! 

I don't know much about Ohio, but it seems to be a solid working class neighborhood.  

It seems that most banks don't loan for anything less than $100K.  

I don't know much about Ohio, but it seems to be a solid working class neighborhood.

Also, based on your experiences, does this seem like a wise investment for my REI goals, or am I running headlong into trouble?

Hey everyone,I have a  question in regards to where to invest next.I currently have a triplex and am trying to decide on whether to focus on increasing its cash flow via removing my PMI or moving on to purchase another one.Someone recently stated they don't invest in rental properties unless they are getting an IRR of 15%, and they seemed like a much more advanced RE investor then myself so I am going to assume that my IRR is 15% on this property I have at best.I currently have PMI for about $150/month.

I have all the expenses and income listed out - but it seems the bank wants "proof" and I am not sure what counts as proof.  

I starting scouring the internet and bigger institutions and it seems the lenders doing HELOCs on investment properties has dwindled. 

On the house I recently purchased, I looked into an ARM but it didn't seem worth it.