If you have a reliable list of investors who have the money to purchase it, all of your homework is done, and the numbers make sense, it will work.

Hi Mike,Those numbers look great and it seems like you have done your homework.

I am saying that if you are going to invest out of state, you need to do your homework and have local market knowledge or find a good wholesaler, property manager or turn key operator who does and who can tell you what to buy and more importantly what NOT to buy when it comes to C-class.

Just do the math to see if it's worth it.

There are great calculators online that do the math for you and show you what your PITI would be and they give you a solid idea of what you can expect your ROI to be.Hope that answers your question.

I am glad you are sending out mailers but you should be doing your homework in the meantime bc now you have a potential lead and no idea what to do.    

i gave him all the keys i had.So any advice here would be great, i did the math, and it seems he owes me back around 955, since 90% of the things fall into the wear and tear category, even though he is trying to say they dont.

Scott, Like you I am eager to get into REI but have resisted so far because I cannot make the math work.

In 12months if you choose to sell the note you’re likely to get 90% of upb if theircredit score is strong enough.Do the math, you can rent for $1,000 a month and onlyhave a security deposit and your paying the taxes and you’re doing all therepairs or you can take $30,000 cash down and collect $1,210.71 at 8%interest and the borrower pays the taxes, repairs the house and goes to workevery day to make sure your collecting that payment…..

Yet, I was pressured to do all of their homework in giving out numbers.