If you take into consideration all the ongoing and future costs associated with each door, you will find that paying 1% rent to value ratios is a losing effort.In some areas, where the rents are higher, the taxes and insurance are lower, and you are in better parts of town, you can achieve positive cash flow with 1.25% ratios, but older homes in lower income areas with gross rental incomes $600 and below, you will need to be much closer to a 2% ratio to make the money needed each month.This of course is based on averages and every area is different, but 1% rules will rarely result in $100 per door positive cash flow, and possibly never.

It was to ask people to speak with brokers and determine if there was a way to use 223f financing to achieve 100% financing.

Your job is to present a sound alternative way for them to achieve that goal.

As Maslow suggests, we must continue to move forward, one step at a time, in order to achieve all our potential.

I can speak firsthand for So.

You'll find this site the perfect place to achieve the reasons mentioned as to, why you joined.What type of properties do you focus on for investing?

By documenting my criteria and my plan, it has helped keep me from straying from my original plan and keeps me on-track to achieve my goals. 3) To get financing.

Josh:I have corrected my profile and now shows my name and location.Yes, I am here to get advice and help on how to achieve this goal, and make this transition.I bought this upper fixer REO in Atlanta about a year ago for $18K.

Hey everyone,I'm a business student at the University of Illinois and am thrilled to find a place where first hand real estate knowledge is so abundant!

There's a lot of great people, information and resources here that can help you achieve your real estate goals!!