Hello BiggerPockets! New PRO here

[Robert Ritter]

Hello BiggerPockets community! I'm Bobby from Virginia, super interested about real estate investing and eager to get started. I'm particularly interested in Detroit and Dallas, Fort Worth.

Excited to learn and connect with you all!

[Drew Sygit]

@Robert Ritter welcome to BP!

What do you want to know about Detroit?

@Jaycee Greene asked some great questions, here are more to create your BuyBox:

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• Motivation for Investing: _____________

• Risk Tolerance:
  High
  Medium
  Low

• Type of Investing:
  Wholesaling
  - How are you going to find motivated sellers willing to sell for LESS than market value?
  
  Flipping
  - How are you going to find reliable contractors?
  - How will you estimate & budget so profitable?
  - How will you monitor quality of work?
  
  Rentals
  - LTR: 12+ months
  - MTR: 30+ days
  - STR: < 30 days

• Rental Property Plans:
  BRRRR: Buy, Renovate, Rent, Refinance, Repeat
  House Hack: live in property while repairing

• Property Class:
  A: Tenants with 680+ FICO scores
  B: Tenants with 620-680 FICO scores
  C: Tenants with 560-620 FICO scores
  D: Tenants with < 560 FICO scores
  Other: ____________

• Property Type:
  SFR
  Small MFR (2-4 units)
  Medium MFR (5-20 units)
  MFR 20+ units

• Finances:
  Cash: $_____
  Mortgage Pre-Approved Amount?
  Conventional Mortgage
  DSCR Mortgage
  DSCR Renovation Mortgage
  Other: $_____

• Purchase Budget: $_____

• Repair Budget: $_____

• Property Condition You are Willing to Work With:
  Turnkey < $3,000
  BRRRRR > $3,000
  BRRRR > $15,000
  
  
• Target Rent-to-Price Ratio: _____

• Target CAP Rate or ROI: _____

• Target Cash-on-Cash: _____

• Deed/Title:
  Your Name: required for FNMA, FHA & VA mortgages
  LLC: required for most DSCR mortgages
  Trust
  Partnership
  Other