To be successful with such investment capital and as an investor I should formulate goals that I would like to achieve, implement a plan (vehicle) to achieve the goal, maximize profits, reduce risk, use financing creatives, increase my exposure to opportunities and protect my assets. When I find a property that meets my investment objective, I would tie it up and negotiate to win it, take action and control it. If the property does not meet my goal, I would not buy, or alternatively withdraw from the transaction, or renegotiate to meet my goal. I would also like to develop an exit strategy that integrates my plan and goals, learns quickly from any mistakes, and starts again from scratch. Starting from one hundred and fifty thousand dollars, in deciding the best investment that money can buy, I should limit myself to properties with which I have gained some experience and which I can receive help in case of need in managing, maintaining or "flipping". The type of property created for this discussion would be for single family and/or apartments, and after simple "cosmetics" or basic renovations, I would keep it if it generates cash flow or sell it depending on available options. I would have to look at what the sales, comparative data and best use of the property in the neighborhood command, debt service ratio estimates should be above 1.30 for at least a holding period of over eighteen months based on the current data market, especially in these times of downturn market. Second, in determining how to maximize profits, I will develop my revenue and expense projections to allow me to know my net operating income (NOI) and debt service ratio (DSR) and which should be greater than 1.30 before flipping or allowing me to refinance to "cash out" at most s...... half of the paper...... people, sellers, mortgage brokers, lawyers and other professionals. I would like to network, look for struggling owners, ignorant sellers and "the grass is greener" sellers. Since cheap properties could come from all sources, I would advertise in several newspapers starting with small newspapers to include "for sale" by owners, although I would maintain a competitive and strict budget. Furthermore, I would also solicit deals and implore anyone who refers me that the sellers who bring the deal to completion receive a cash reward of twenty five hundred dollars to motivate people to spread the message, and in the end the right investment must pay for any expenses “incorporated” including but not limited to good equity protection with legal entities, e.g. LLC, Trust, corporation, using good legal strategies and remembering that one size does not fit all.
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