~200k in the Humboldt area, to be precise - at that price range I don't think it'd be economically feasible, and we haven't got that sort of money in the first place.

Unfortunately, the largest "Rehabber & Wholesaler" meetup was last night and I missed it.

In other words, if one would pay all cash for this unit, he would get 10% on his money, annually, which is not bad at all.Of course, there are many other variables to take into account.Stability of the area and the tenant, condition of the property, and the general neighborhood's economics and employment situation, to name a few.You can even lower the net to 70% instead of 75%, and still end up with a very good cap rate of just under 10%.For Southern CA property, that is a very good return.Do the math, even with 11% down, and 4.5% bank loan you will have a good cash flow (I did not do the math for this part, will leave it to you from here).Buy it.Amir

They can agree to whatever, for example, at 80% of the loan but I doubt you get it on a small motel like that, such deals kick in at higher amounts and bond financing, economic development and tax credit developments that use non-recourse financing.

If anyone is interested I will post them, otherwise I think elbow grease is going to be the largest investment.........unless something unexpected pops up.

Age of a property can also be an issue, the economic life must be greater than the loan term.

Congrats on your deal and there can be some great economic development financing out there.

The weak economic fundamentals really concern me and I fear another major crash may be headed our way.On the other hand, well-chosen investment property can provide you with very good returns.Continued success!

Usually the largest co. will have the best training, more agents around you is a plus starting off, IMO.

Because of personal economic uncertainty.