If a methodology has some value and has produced worthwhile results, we'll hear about it from credible sources who have earned our trust.

I would encourage you to keep asking questions and searching until you are convinced that you found something worthwhile.

That's 89% of ARV and there's no way to make any money after paying all the costs on the purchase and sale.If you're flat broke you're going to have a hard time getting an investment loan.You need a LOT of rent to make this worthwhile as a buy and hold.

In my experience it is more worthwhile to build creditability by sharing what you know and engaging others.

It's not something to bank on, just worthwhile for estimation purposes.

I live in New York City but have been recently made aware of Rochester NY as a place where SFH and MFHs can be purchased sub-50k and command rents usually in excess of 2% per month of the asking price.My question is, are there anythings about Rochester you feel are worth while knowing about before more seriously considering investing there?

I concentrated mainly on real estate sales until last year, when I started getting more serious about adding some REI into the mix.In 2013, I partnered with one of my clients, and we've been putting together a portfolio of rental properties - duplexes, town homes, and a condo so far - all owned by our LLC (soon to be many LLCs).Ideally, with BP, I'd like to learn, network, and hopefully contribute something worthwhile to the community.  

As far as my understanding from what you posted, I don't see what is the asking price by the owner (unless they are waiting for you to make an offer).You really have to make sure that you have enough profit margin/reserves in order to make it worthwhile for yourself while being more attractive than all cash offer.In regards to owner financing by yourself, you need to make sure you offer better rates than hard money lender, which you are with 8%, you can even go a bit higher.Your bullet points are good to convince the owner to go with owner financing, just make sure the finance is not too tight on your end to make a profit

The question you're asking here, would be worthwhile asking the township --if you haven't already.Get a plan of action from them and see how you fit into that picture.

Hi all,I own a few SFH and a duplex in the Indy area. They are great rentals and are cash flowing nicely. Recently I have come across a few condos in a D area.. the seller is quite motivated as he needs to sell them t...