But when it comes to watching people say we are headed for a market crash like what happened in 2008, this frustrates me.

Patrick  I was a CFO for a PM company managing 1500+ units using AppFolio.I am currently consulting for a PM company with about 200+ units and set to obtain another 45+ units by the end of this month.not sure what kind of guidance but I think I can help. 

At this point I'm in disbelief thinking I might actually pull this off, until the bank called.

Hello am new here am nate and purest of rookie.. got nothing in my back got some dedt that can't seem to pay off car is falling apart.. and still live with parents.. still have this drive to buy a house and just rent it out or do the FHA loan.

A follow up question:Is it true that if Monthly rent is >= 1% of purchase price should be considered as a good investment and which does not meet this should not be considered for good investment?

What made you interested in investing in this type of deal?

I’m moving to Kennewick later this year and want to connect with local investors and discuss strategies that are best suited for the area.

So all in I am at $240,300 , hard money I am factoring in as 15% rate and since I’m borrowing 840k for let’s say 6 months , I’m factoring in hard money costs at 63k for 6 months So now all in I’m at $303,300 ARV should be at least $1.3 million (conservatively) I would cash out refi with a dscr loan and get back 975k , I would pay the $840k I owe to the hard money lenders , leaving me with 135k , and I would pay myself back with that money , and since I would have $303,300 invested , I would pay back 135k to myself leaving me with $168k invested in the house with a equity position of $325k , the actual house number are such after the cash out refinance: This house has 2 units and 3 accessory units Mortgage : $7100Heloc payment : $1300Total = $8400Live in 1st floor Rental income 2nd floor : $30003rd floor: $1500Accessory unit 1 :1200Accessory unit 2 $1200Income : $6900 Net : negative $1200I also already have a house that’s breaking even , but I’m living in one unit and if I move out that house would become positive $1500 which I can put toward the payment of one of the other houses .

This is a mistake a lot of new investors fall into. 

Hi BiggerPockets Community,My name is Satrohan, and I’m excited to join this platform as I recently passed my real estate salesperson exam in NYC.