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Please check all types of property that interest you.
*What kind of work are you willing to do?
_ yes no Structural (foundations, serious joist and beam repair)
_ yes no Mechanical (heating, a/c, plumbing, electrical as well as roofs, gutters and cement work)
_ yes no Cosmetic (paint, carpet, tile, kitchen and bath fixtures)
In which neighborhoods would you consider buying property? (Check ALL that apply)
Other
*What are your minimum and maximum desired AFTER REPAIRED VALUES for properties?
Minimum Maximum
*How do you calculate what you will pay for a property? (i.e. I want to pay only 70% of after repaired value less repairs, or I must make a minimum of $10 grand after repairs are made, or it must cash flow $150 per month after all expenses) note: Do not give some lame answer like "it depends". This is your opportunity to explain what it depends on. Give me a real response or be ignored!
*Have you ever bought an income property? Yes No -
*How many units (if any) do you own presently?
*How many units do you intend to buy in the next 12 months?
*What are your EXIT STRATEGIES? (Check ALL that apply)
* If we brought you a perfect deal, how much cash could you come up with in 10 days or less? note: If your just typed "whatever" or "it depends on the deal" or "ten hundred billion million dollars", go back and try again. There is a realistic limit to how much cash you can raise in ten days. I need to know how much that is. If you flip burgers but figure you can find a million dollars if necessary, who knows? you may be right. But what you THINK you can PROBABLY get and what you KNOW you HAVE are very different things (if you can't make the distinction, get out of whatever cult you've joined and call me then) What I want to know is, how much cold, hard, US currency can you borrow from friends or a private lender, get from your IRA, loot from the cookie jar or whatever.
*Are you pre-approved for a mortgage loan? (not pre-qualified, but pre-approved) _ no yes
If yes, have you actually closed a loan with this lender? _ no yes
If yes, how much are you pre-approved to borrow?
What else should we know about your plans, your situation, or yourself?
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