The Investors typically stick to the lower income houses for the area so they can dump them quick if something goes wrong.If you have no cash and marginal credit and can barely make a house payment you will have to change your life before getting a loan.

In CURRENT MARKET CONDITIONS when banks deal with servicing companies or large quantity buyers most 1sts are trading anywhere from 45 to 65 cents, but typically that means quality 1sts for about $150K and above (depending on equity), which is what the big servicers like to buy.

I can make those decisions with an email or access to the following information.The address of the housePictures of the following Kitchen Bathroom(s) (tub, vanity and floor) Roof (reasonably closeup) Front View Rear View Furnace AC Hot water tank Window, typical of the majority in the house Garage door Fireplace Driveway/Sidewalk Garage if free standing Main electric panel Anything wierd, or destroyed that is not on this listSome rehabbers may want comps, I run my own.

Different properties and finance and structure terms.Secondly even if you got a seller to give a second with no money down you still have for 5 - 12 units about 8k to 10k in closing costs with phase 1, cost reserve stable, appraisal, site inspection, survey, etc.Lenders typically want 75% LTV which even if a seller holds a 15% second you still have 10% needed.

A double or simul close on a property doesn't involve an assignment and is typical in this situation.

One I get paid 15/hr (Cook at restaurant) and the other 17/hr (Log Cabin restorations) My restaurant shift is typically 4pm-10pm so it does work out for now.

Around here they typically charge half a months rent plus 10% of collected rents.

Our company typically uses a combination of the two, hiring a GC to do most of the work and subcontractors for some of it.

Typically you can borrow 50% (up to $50K max) of your vested balance.

Expecting to succeed without a good foundation is what causes people to keep dreaming big but not making it.Yes, college is expensive but its a closer path to regular income than a regular job.Unless you have rich parents who will help you get a business out of high school, you have to earn your money the hard way, and that's typically through a job.