As Frank mentioned, Cap rates vary from city to city, and even from neighborhood to neighborhood.

Apparently he is a professional wholesaler, he mentioned how he loves to auction off the down payment or a monthly payment but did not offer any more information.

and he mentioned mailers with Tylenol in it (or something that is safe to ship).Your property giving you a headache?

Just wanted to update this thread:The offer mentioned was extended through December 31 (was originally just the first week of Dec).Regarding the fees: It's the normal $149 service fee that is waived.

Simply to say that if you can get into a property with 35% equity at purchase, have adequate reserves, you can still benefit from that investment without cash flow (tax deductions, 35% equity, future appreciation, etc)Bottom line: Shoot for cash flow on buy and holds, buy with equity, buy in a market your research has pointed to future appreciation, use the power of leverage properly, manage properly (self or hire) and repeat.The topic was talking about single units and then apartments were mentioned.

You also mentioned flipping the properties.

I was disappointed that your article did not mention that land is not depreciable.

Tim,Not to mention that the county assessor are way behind their reassessing of the lower purchase price that I’d paid for and the decline in nowadays property values (prop. 8); they’re still assessing me base on the previous purchased values, thus overcharging me $1500 in total; escrow was closed on 1/25/08 for one of them; they’d already overtax me back then without seeing any refund that they’d told me which I should have been received it months ago.Paul

You mentioned this in another post, Curt.

Omar,You mentioned that you have tried some bigger banks.