I closed one today.. in Charleston but that is rare for me.. too much throwing stuff up on the wall and see what sticks from those folks. granted they can bring some deals.. but anyone contacting me wanting to put me on their buyer list I really don't respond to.What ever happening to apprenticing in the industry to build up capital and experience I guess the internet has given this illusion.now granted in some markets were you can trade houses like your trading cars it can be done.but in the higher priced markets pretty darn tough without some expeirnce and some jingle in your designer jeans.

I've ran the number a million ways but maybe there's something I'm not factoring in. 

I am a marketing director/graphic designer who has always loved interior design.

I'm a newbie myself but the main factors are the purchase price and neighborhood rents.

I know that each area is different and it's impossible to isolate one factor.  

HI Tom,I've done plenty of these on the lender end and investor end as well.If you go the FHA route which is the least down payment option you'll only need 3.5% down and will need to adhere to:- min 3 months cash reserves based on the proposed monthly payment- gross rents on all 4 units X 75% factor must be equal or greater than the total monthly payment of the property (PITIA - I found out this not include HOA in this formula as we had a fourplex with a HOA once too).

Oooook, so let's see if we can do that AND hack your FICO score at the same time:Remember that credit utilization ratio is a FICO score factor, and it's recalculated every month or so.

If you have a great deal ,the costs of Hard Money verses losing the deal due to time factors would be the choice.

You are the end product of their meticulously designed sales pitch, and they use every buzz word to lock up your emotions in just the right way.

I could see the usefulness in the future becoming a Designated broker at an office I open up with a partner.