You only have one chance to make a first impression, and MANY real estate buyers will base their decision off that first impression (I did when I bought my first personal residence).So, if it's only half-finished -- or even finished but not staged -- I prefer to not let anyone see the property.Now, there are two exceptions to this rule for me:1.

I also find it funny how in the podcasts Josh, Brandon and guests talk about purchasing houses in the sub $50k range where it seems in Baltimore and surrounding areas you would be restricted to D properties.Also, ill have to devote a good chunk of time looking over your blog.

I have actually had applicants rule out a property because it had an electric stove.

Especially when I see a million signs around with a million different agent names on them.I got into the classes to learn more about real estate and some of the rules so that I could invest in buy and holds.

Anyways, I'm curious about the rents, and what they would be running it through the 50% rule.

The VA has no title seasoning requirements in order to cash out using market value.This is a huge difference from conventional 1-4 lending because there are many restrictions for title seasoning (how long you have to wait after you acquire title to property).So how this could be utilized is if you were a veteran looking for a home and purchased a property for 70% of market value with cash (has to meet VA standards/owner occupied only) you can immediately cash out to 90% of market with proceeds going back to the borrower.Just a quick way that a vet who is also an investor can leverage their equity potentially in other investments to meet their goals and or financial freedom objectives.This would allow the veteran to obtain money around 4.5% (6.08% Annual mortgage constant) If you could reinvest at or above 6.08% annually then the vet could end up being able to live for free if the other investment cash flows sufficiently.

If I leave you with nothing else, some rules I live by are don't buy a buy and hold and count on appreciation, buy it for monthly cash flow.

With that being said, it comes down to the usual rule of "Location, Location, Location".Merrillville is better, but also has some better areas than others.I have holdings in both areas, so if you want, connect with me, we can discuss the areas and the strategies.

If you were going to put a rule of thumb to work I would say it is probably going to be hard to make competitive returns on your investment in such a high priced market.

If so then the tenant has to adhere to not only that programs rules but the housing authority's rules as well.