They will usually let it run through three or four times on the auction set without hitting the reserve and the formula for reduction, which is similar for REO on the market, is reduction of ten percent every thirty days until it sells.

Wow, this is one of the longest threads I’ve seen on BP in awhile.I recently wrote an article on the cost of note education that was posted in PPR’s weekly newsletter, so the original topic kind of hits home for me.

@Nathan Gesner My justification for taking the risk is that I have a solid W2 job so I can afford to take a hit for a couple of months for vacancies and maintenance.

When she gets hit with a vacancy, she panics because she loses the income.

I'm all about efficiency because i hate having to do repeated tasks, but tasks that now AI can do.

Keep in mind, most offmarket/distressed deals are traded offmarket before they even hit the auction block. 

In this episode of 'Ask the Expert,' I dive into why multifamily properties, especially new construction triplexes, often come out ahead.Here’s the breakdown:Cost Efficiency: Building a single-family home requires one $25,000 slab.

I think there might be really good opportunites to hit HOME RUNS in PL!

The reason to do so is not necessarily to reduce cost but to be efficient.

Labor shortages have hit that industry just like everything else, so finding reliable, trustworthy, quality cleaners is a challenge everyone is facing.