The other thing to note is most times Pref equity is pretty save assuming a 10-20% market correction but in 2021-2023 we saw a 30% correction meaning pref equity in deal specific deals were underwater without any options.

Price points are low when acquiring real estate but that also comes with lower rental market values for your units so it pretty much evens itself out.With that, if you are going to buy in Reading I advise you strongly consider managing your own properties.

It looks pretty cheap if you're able to read it and bill it yourself every month.

The GFC unfortunately hit all of us lenders pretty hard and I had a concentration in Jackson and ATL and Memphis so I had to move to Jackson for a year to clean up my portfolio I thought I was going to be there for maybe a few weeks but that turned out to be a year and I got very fortunate I was able to rent the developers house at Reunion .

I'm about to start a team of callers on these lists, but I don't want to waste their time or my time with these dead leads.I'm thinking of charging back the expense with my credit card company because I'm pretty disappointed.Does anyone have any solutions they'd recommend for getting accurate property owner phone numbers?

I have a lot in East Rockaway, corner that I am helping the owner find a buyer...Trying to get more info on like zoning and how much you can build, Property shark has been useful in NYC but pretty useless in Long Island, can not even find basic info there, is there another website or resource I can use for more detailed property info?

Pretty much confirms my suspicions.

During the month of November, 4 units, pretty much all my problem tenants, picked up in the middle of their lease terms and vacated after failing to pay November rent.

There are rules and exceptions to the rules -- it's actually pretty interesting if you take the time to research it.

It was pretty interesting watching this all play out..