You get 4-5 inquiries on your credit report and they think you're about to file for bankruptcy.Also, banks take off 25% of your rental income reducing your net.

If you find a property that has tenants in it and the owner is charging what is about the going rate in your city, it's very unlikely that they will somehow be willing to reduce the price by 30%.

Or are we depending on appreciation to reduce the LTV?

But make sure who ever you use has the time and energy and willingness to commit to actually doing stuff.

After taking over - increase your income and reduce the expenses and turn it into the proverbial "cash cow".

Think about it, a wholesaler focuses all of their energy on finding deals, but a rehabber focuses most of their energy on what?

I would use about ten percent to start, meaning that I would reduce the total amount of rent you expect to collect in a year to 90% of the total possible gross rent.

The new subject purchase wouldnt qualify.Most reduced doc high ltv loans have vanished as well.FYI - Full Doc requires that you have at least 6 months of the expected mortgage payment, inlcuding taxes/insurance, verifiiable in liquid assets seasoned for 60 days.

The transaction will drastically reduce monthly expenses and increase cash flow on the property.

But my properties in Indiana have them and they need to be replaced.What has people's experience been in terms of just getting new energy efficient windows installed instead of using storm windows and having to pay to have someone put them up and take them down every year.I do pay the utilities on a 6 unit converted house, and the bills are high, so I am thinking it might be worth it to just convert over to the newer windows and not mess around with storm windows any more.