Since you are only going 15 years, those rehab cost are going to be important.

It is also important to acknowledge what you plan on doing with the property, Rehab and flip, rental, demolish and make bigger/better so on and so forth.

Thus far.I think it's important to obtain the loan, go ahead and finish out the project and get long term financing if you can.

The best way to find properties is through networking, but driving around your area Aka farm is also important.

For a complex topic where you are just getting started it is too easy to miss important details or assumptions.

He said to have 500k of LL insurance on each property, and most important an UMBRELLA policy large enough to cover ALL assets.Chaz....

Ok so I'm fresh to REI, however I have a good team behind me and most importantly a great Mentor.

Our value proposition is twofold: first, it saves a lot of time and hassle by going to a single place to solve all these problems -- single sign in, simple pricing; second, by negotiating in bulk, we're able to get and pass on to customers a much lower price.It really depends on what's important to you and how you want to spend your time and money.Jeff

For one party price might be more important, and the time to the other.

Agents for banks are charged with getting the highest possible price just like agents for any other homeowner.Not to take away from the incredible importance of a good buyer's agent, a simple reality that you'll have to get use to is that buyer agents are at a disadvantage when it comes to submitting offers; but this isn't a characteristic of just REO, it's all of real estate.