I need a help I found a house I want to buy its a legal single but set up like a two family...my first question is how hard is it to make it into a two family...Second they want me to take out a rehab loan on the property its bank owned is this good...I am a newbie and this is all foreign to me...thank you vjb

My boss wants the ability to do the following things:1) Have financial statements for each particular project (your normal accounting)2) Consolidated accounting (be able to look at all properties together)3) The ability to build in different capital models to the projects (multiple investors/single investor, debt/no debt)4) The ability for a singular investor (ie: my boss) to see how much cash he has in each particular project, and all projects, see how much he's actually making in each (cash) to see real returns5) The ability to possibly include rent rolls and specific information about each project with the ability to have notifications when note payments, property tax payments, etc. are due.

The prices are rediculous, but its my passion to buy a multi-family or single family, fix it up and flip it.Any suggestions how/where I can find my property?

The prices are rediculous, but its my passion to buy a multi-family or single family, fix it up and flip it.Any suggestions how/where I can find my property?

I got the point on the flying analogy.......It makes sense....BUTAnytime someone says but it means they don't agree......in this case I agree but have something to add.............BUTIf you do not know how to fly you can still get in an airplane and go from point A to BYou just need an experienced PilotIf you do not know Find Someone who does........Find a way to enlist their knowledgePay them if it neccessaryBut get the knowledge.Most people could learn to fly in a single hour of instruction.Landing may take only 10 hours the min requirement to solo40 hours min to be certified.Cost 5 to 7 K $Of course your learning to fly shouldn't end there....Flying is easyTaking off a bit harderLanding the hardestInvesting First DealDifficult to get off the ground easy once you have a property to hold or rehab....like flyingLanding.....the most difficult ....getting out of the deal with a profit.In Investing As In FlyingYou should plan your trip before you leave the ground.Inspect the vehicle to be sure nothing is wrong with it.File your flight plan (business plan)Be sure you have enough fuel (funds) to reach your destination with some reserves.Be ready to abort your landing if it dosen't look right....

It is best to have a physical or electronic filing system for business cards, and keep every single one you receive.

I am disappointed not a single person answered.

Do you have 5 single family homes or do you own multis?

Sorry, but there is nothing that anyone can tell you in a single response that would provide enough insight for you to go out and start making successful deals...Try this:Go read through these forums, read at least a couple books (I recommend starting with "The Millionaire Real Estate Investor"), start asking a lot of *specific* questions, and find a couple successful investors in your area that are willing to help you get your feet wet...J Scott

(up to $729,750 for single units and $1,403,000 for 4 units) Up to 6% of closing costs can be paid by the Seller.