Understanding exactly who is the decision maker for property is not as simple as looking through the assessor records.

I immediately recognized that the listing agent/property manager had the current rent well below market & the asking price massively wrong.

Hi Arthur, every property is unique.

On the flip side, I am in the process of acquiring over $1.5M in defaulted DSCR loans form borrowers who are your age that put 25% down but had no money to fix any of the problems  = lost the renters and walked from the property.

Are you primarily looking for cash-flowing properties, distressed deals, or value-add opportunities?

Also, while it won't cashflow right away, rental rates will continue to rise and in 3-4 years it will very likely be a cash-flowing property (it's in a prime location with tons of upside and development going on around it). 

They can take time with their search and be more selective about a property’s location and condition.

I’m considering taking this down myself if I can’t sell it, but wanted to see what the community here thinks.The property is a five bedroom two and a half bath victorian era home in Greeley, CO.

Purchase price: $420,000 Cash invested: $120,000 5 bedroom 2 bath property with pool, shed and playground in the backyard.

I did look to see that in Jersey City people must apply online rather than in person, and there is a page with “What I can do with my residential property?”