Affordapro Services services that area.high quality contractors over 301 yr warranty insuredbeat most pricesFirst 30 min or 25 sq ft paint job free Firm bids by phone professional invoice start same dayfully preparedsubcontractorsText or call toll free from Denvereight zero one 753 eight 8 four six

Typically this exit strategy is the most profitable - thus you need to base your bid off worst exit strategy4.

Investors had bid up the price of small multifamily, and not much was cash flowing.

In that area once the property is stabilized its easy to calculate the ARV, if the property is vacant I would use the 70% rule(or less in certain areas) when determining a bid price. 

Bid bid bid.

Contact 3 electricians, maybe try Craig's list, tell them what you are looking for and ask them to submit bids.

I am thinking of purchasing a $25k lot that i can fit for sure a small 4plex on in a city that is surrounded by heavy industrial plantsMy plan is building a 4 plex with 1 room, 1 restroom, small living room, tiny kitchen, and tiny utility room roughly 775 sqft a pieceI know for a fact i can get contractors in here rented out paid water and trash @ 950$ a month (possibly more if weekly and if i do all utilities)Why should i  OR should i not pull triggerRoughly 25k for lot + 200-250k to build  = a 225-275k loan @ 15 years @ 5.59% 275k loan 25% down1695 note paymentLets say 400 taxes 400 insurance (over estimating)2540 payment - 3800 rent = 1260 cash flow minus water and trash Basiclly 200-250 a door @ 15 years (trying to build equity fast)Im doing 15 years cuz i know i can walk in to my favorite bank and they’ll Loan this out to me fast basicly pre approvedNever done this before but already getting bids on contractors and this is what they told me roughly building cost wise (im more experienced in SFR’s)

I got the opportunity to bid on this property at auction and I was lucky enough to win it for $67,200…To this day it still shocks me that I was able to purchase the property for that price, as I knew it was worth at least $175,000.

If you think there will be a decline in prices, then bid accordingly.

If your bid is too low, you simply won't win.