Now this is not logical to me because that would imply that he and his associate have never done a quick deal like a pre-foreclosure and any urgent deal.

The best way is to educate yourself on what the right metrics are to approach these properties logically and with a system that works each time.

You have picked Cleveland as the victim city in your response, Cleveland is a strong RE Investment space, it all boils down to the same logic as anything else, no matter where you are in the country, you need to  have a good plan, team, asset in place for your out of state investment to be a success.

I'm hoping to purchase fourplex in Los Angeles to owner occupy at some point in the near future and have some questions regarding the unit I'll be living in and what I would need to be putting in "rent" wise. Let's sa...

I could use your input on a propertyThe house is a 3/2 1367 SF Singe family in Union City, GAThe owner is asking 60,000 my ARV is 86,200The unit is in good condition and is currently rented for 750.00I checked Rent O Meter and there are three properties on the same streetrenting for 1000+I was thinking of a counter offer of 37,500 applying a 2% rule on thecurrent rentWith a max offer of 50,000 applying the 2% rule on potential rent based onthe rental compsMy question to the group would be is my logic sound on the counter?

That may be flawed logic if I’m misunderstanding the rental income piece, which I will try to clarify…Let’s say I was starting from scratch and wanted to buy a $500k house (numbers are just an example).  

The prevailing logic seems to be that we should move now and take advantage of low interest rates.... 

It makes no logical sense for the "Buyer" to show the property to "prospective buyers" or to "market the property for sale."  

Seems like the next logical step once I've put together the first draft of my business plan,

It seems like there's a logic and mindset to this that's pretty different.