Is it as simple as 5K Debt Service / 16.5K of Income for a 30% Ratio?

@Joe Mueller How do I find private lenders is it as simple as typing private lenders in my area into Google?

For example, it's 3% simple interest per year in Maryland.This guy has been there a long time....you didn't mention anything about being appalled by the condition of the place.

Account Closed you didn't throw a simple transaction out there but it is something you will run across.

You're not going to be good on the phone at first, so you want to keep your lead cost down.Pretty simple stuff when they call.

You could make this simple.

I called my realtor and he still says no way 240K at best.Obviously good news either way but have some questions about bank appraisals.They have the basics of our rehab budget but it was as simple as 1000 dollars for bathroom 1, 2000 dollars for bathroom 2, etc.Does this just help us on the front end with the financing or are we under value on the house?

The foreclosure process in GA is very simple.

I won't take a property without at least 2% rent to mtg ratio within 75 miles and 2.5-3% in another state or further than 75 miles.If it was simple, everyone would be doing it.And never compromise on your margin or spread.

This wasn't a problem as that's our standard operating plan but something to keep in mind.As Bill said the business plan for a real estate investment is a simple document.