Max in the $80-100k range at the moment.

You would be surprised as to the vast networks some business professors have...  

.$850-$1200 is wayyyyy to big of a range.  

You can think of it as your mentor, the group being infinitly wiser with a vast array of experience one mentor couldnt amass in many lifetimes. 

I ended up lending to those so at least I make a nice return lending my funds instead of sitting on the funds for months on end trying to get a deal.I morphed into New construction much less competition  as dollars are more.. still tight for lots. but margins are better if you get the right lot and sales are much eaiser as folks really like NEWCO.. not sure how that plays in your markets. we pay 100 to 200k for a lot spend 200 to 400k building the homes and sell in the 600 to 800 range..  

Hi BP,I would like to know if I can visit my local CAD in Houston and get a list of zip codes that have SFH within a certain price range?

I'm looking to trade some in to move into the 50-60K range.

I plan on making a few updates very shortly ranging from 5-10k, but primarily cosmetic changes to start.

HI Troy,Regarding lending based on DCR and cash based debt coverage, DCR is mainly used by commercial, local, and business oriented bank loans, while conventional financing and residential 1-4 lending generally focuses on debt to income.45% Debt to Income (DTI) = $2.22 dollars of cash flow or gross income needed to be shown for each dollar of monthly obligation you're looking to qualify for50% Debt to Income (DTI - $2.00 dollars of cash flow or gross income needed to be shown for each dollar of monthly obligation you're looking to qualify forThe above are some examples as each bank has different ranges of requirements.If the max is 45% DTI and the borrower is seeking a mortgage of 1500 but net rents are 750 then they are seeking to qualify for a net -750 which requires 2.22 times the income to receive an approval which means they need 1665 gross monthly income.Hope that example helps conceptually explain the residential vs commercial lending aspect.

You have to look at each deal independently .. but at a sales price in the $300k range ... and a $30k profit margin going into it, I would NEVER ...