As Jon has pointed out, there are banks/credit unions who have CRE loan programs for loans in the 500k and below category.Your income and credit are good so that won't be an issue, but your inexperience as a landlord could be a problem for some lenders.

Tim, Karen and Joel both have good points but because of your inexperience, I think trying to charge a retainer will come off looking more like greed.

I'd rather focus my efforts on the other realms where its less emotional and more business...BUT, I am also talking from hearsay and inexperience.

I am finding these calculations outrageous...although I am willing to learn if they are simply the truth and my inexperience has led me to believe otherwise.

He also rushed into it really quickly, though, and his inexperience is costing him.I looked at another thread on real estate and got these rates, which apparently are pretty low (not sure what they mean exactly, but i can take a guess).wachovia custom mortgage 30 yr fixed rate on friday was at:5.125 % + 0 + 1.5.250 % + 0 + .5.5.375 % + 0 + 0.What do you guys think is the best way to help me get started?

During one of the debates someone asked if age should be a concern, He said "I refuse to make an issue out of my opponents youth and inexperience" - That one line ended the issue of whether he was too old.

Again, I know someone who used to teach RDPD training and I know plenty of details about the quality of training and the tactics used to extract $$$ from inexperience and naive investors -- if maintaining an overly harsh tone will save even one wannabe investor from throwing away hundreds/thousands/tens-of-thousands of dollars, I'm happy to maintain that tone.

They will sniff out weakness/inexperience quickly and exploit them.

If you submit something that shows your lack of knowledge with the numbers that could actually hurt you and show your enthusiasm for buying and inexperience.

Hedge my risk from inexperience.