.- Finally a live deal analysis conducted by a different attendee every month so we can learn from each others methods.Whilst the meet up will be hosted by me (a Realtor) & a local lender these meetings aren't intended to be a sales pitch for our respective services, they are intended to be a consistent time and place for local, like minded people to get together and talk real estate.Let me know your thoughts below in terms of whether you're interested in a monthly event like this and also what format you'd like for it to take.

We'll see how extensive they feel the damage is. 

We have been researching the market extensively since moving here in July as well as networking with others in the area.

I just read the BRRRR Book and it had a list, and if I remember correctly "Rental Property Investing" by Brandon Turner had a really extensive list.

Does your lender have provisions for extension?

It was simple, it said in every day language what I wanted, and what they needed. all the other stuff was negotiated and hand written to the satisfaction to all.I made more changes in my contract that was PRO-ME as an investor; A full profit disclosure was inserted,(this is a protective statement that made it clear what the meeting of minds were between buyer and seller just in case there is ever a legal issue) Delaying clauses (this is an insurance clause against running out of time to settle or failure to assign or sell), A release/non commitment contingency, (a clause that lets me out of a contract ethically if I am unable to assign my contract) Marketing hybrid, rights with cooperative expenses',(this is an informal profit sharing with the seller or estate) Automatic time extension, (creating more time when needed, a protective clause that can save deals when necessary to use)Knowledge of market value is important, so I created a national real estate comparable and information service, named IURealist This is a great service that helps me our friends find needed comp information on properties.

I just finished the Michael Blank course, and I’m no where near an expert or even credible because of it, but I’ve definitely learned that although you don’t need to be a genius to conduct a syndication, you do need to work your tail off and be knowledgeable.

I have very extensive maintenance but, I am in hot market so turnovers are fast.That being said...it has been my experience that their are two types of investors, those that are great at the financing/accounting/deals and those that are great at the maintenance/day-to-day operation.

Standard sort of structure is 10% - 14% monthly interest only payments, charging 2 - 4 points at closing, and doing it on a 12 month term with two extensions of 3-6 months available (for 1-3 points each time). 

This old gal has great bones and the previous owner, a concrete contractor, had done extensive modernization including; lifting the building and installing a new concrete foundation, new 1 1/4" copper water service, new electrical services and branch circuits throughout, new siding, new windows, etc.