I added value to this deal by negotiating with the sellers to credit us $30,000 and to pay for all of the necessary fixes during escrow.The real value add though is in the capabilities of the property.

We were able to get this product from a commercial cleaning supply company.

It was not only overleverage it was OVER SUPPLY  we all saw that.. so more to than just that aspect.

Too much supply and not enough demand.

Here in College Station, Texas, multifamily properties are in limited supply, keeping prices high and leading to multiple offer scenarios for good deals.

Why buy the real estate equivalent of a penny stock when you can afford to buy blue chip aristocrat dividend stocks (Class A multifamily properties in good locations with actual strong fundamentals like population growth, a diverse and recession-resistant job market, limited supply and high demand, affordability, and consistent long-term appreciation)?

All real estate transactions, whether purchase, sale or rental, prices are determined by market supply and demand.

The seller couldnt supply us with this so we gave up and dropped out of the deal during due diligence.

I am wondering if anyone has any insight on which areas of Memphis to avoid and if it has been saturated as looking online it appears there are a TON of rentals up for grabs and wondering if that is due to rental numbers going down or if it is just a larger city that has more supply.

Although no renovations were needed, our expertise in marketing and quick transaction capabilities significantly boosted the property's appeal.