Do you have a plan to increase the value and increase rents?

What should be asked to be seen prior to making a offer:rental agreementspast repair costsinsurance costslast rent increase (amount and date)?

Ok,SO I have a freind that calls me and wants me to fly to Detroit to Invest..Here's the deal he has 20-30 properties that we can buy for 15K fix for another 30 KWe will be Rehabbed at 45KThese rent for $900The ARV is 90K for this market but resells are bland right now..Our take is to get 60% LTV BANK loan of 54K at 20 year AmWe will cash flow at about 150 a door per month on the 20 Year noteSo 30 of these we will get9K in pocket * 30 =270K36 K Networth Increase * 30 = $1180000 Millionaires150* 30 = 4500 a month cashflow!

Some other cities in FL will zone a specific area as being for weekly rentals so just about every home there will be on some sort os rental plan.The value of a property can be increased or destroyed if they change the zoning later.2.

Not only that, but as many of you may have read (or seen on yahoo main page) foreclosures on increasing even more!

We need a lender to help us increase the amount of properties we bid on.Wre looking for a lender who can provide loans to us to buy foreclosure properties at auction, and pre-foreclosures directly from sellers.

People would do a bad rehab, but with the housing market the way it was they would still make money because of the increase in housing costs.

My question will help an investor client of mine interested in purchasing 18 builder closeout units in a project and would like to lease/option them.He was willing to give 80% of their rent toward the equity, and price the property at current appraised value, with 8% increase per year for the 3 year term.With the mortgage mess, this may help sideline buyers get into a property.Any thoughts on where to find these hard to finance people?

I have a feeling as long term mortgage rates increase, most lenders will want to call these loans and relend the money at higher rates, though.Just because a lawyer is willing to help you with a transaction, doesn't make the transaction legal.

And instead of looking for investors to cap on these deals (an option arm is meant for investors and not the average Joe) they put homeowners that in most cases choose to make the min. payment for some time. they would soon realize that their payment was increasing and never understood what deferring the interest meant!