It is a good way to network and get to know real estate players in your area.

If the mentor has the capabilities and is not a rip off artist/guru, And the trainee has the abilities to follow through and apply, then yes.Being new, it is very difficult to understand who are the real players and who are the talkers/scammers.

Revenue Assumptions:Monthly rent revenue  = 500*20 = 10,000 (A)Vacancy = 10% (12000) (B)Effective Gross Income = 108,000 (A-B)Operating Expenses Assumptions:Property Taxes = $8500 (C)Insurance - $4,000 (D)Utilities - $18000 (1500*12) (E)Property Management - 10% (10,800) (F)Repairs - 10% (10,800) (G)Maintenance - 10% (10800) (H)Total Opex - (C+D+E+F+G+H) = $62,900Net Operating Income = 108,000 - 62900 = $45100- Total Debt Service = 69k (Downpayment 3% Rate 5%Term 20yrs)Cumulative Cash Flow = 45,100 - 69,000 = -$23,936*above includes 40k deferred maintenance as wellBased on above your DSCR will be lower as well as cash on cash return will be negative.

You can be in a solid B neighborhood then walk a block away and be in a C-/D area.

That way I can give you X amount for a piece of paper instead of telling you I’ll give you X amount for property A property B property C D E F G... just feel it sounds more agreeable?

WE like 5 to 7% with little risk which is what MBS are I think to the big players out there. 

Ask if you deposit xxxx amount at their bank as a cd or money market.  

By that I mean you need to learn the normal process and who the various players are in a transaction (lender, seller, agents, mortgage broker, closing office [lawyer or escrow officer at a title company]).An REO is a way to indicate that the seller of the property is a bank or other form of lender.

(You will pay up to $100 or more in application and service fees, but this is a business for these type of banks.)Another suggestion (and again you need an SSN) is to open a CD with a local bank that issues either a credit card or a personal loan.

I have found that a lot of the national speakers are just trying to sell you a bunch of CD's that lead you into buying something else from them.