Due to low inventory and trying to stir up more opportunities I recently put a few posts on Craigslist for my target market indicating I buy houses for cash.I have gotten several responses and asked them a few questions via email prior to a phone call.SO for those experienced in doing this, what is your approach to vetting people prior to making a trip to their property?

When a listing is offered at a price that is a "lender approved" short-sale price, is it likely that that is the bottom line price or is it just a likely that is an indication that the lender is willing to negotiate further?

Are you actually going to pay the rent yourself for your unit in order to get the cash flow numbers you have indicated ?   

I would assume that with an increase in renter occupied units in an area, the competition would be higher and therefore it would make sense to go outside of the area of competition (given other demographic information indicates the area is still appropriate for a buy and hold strategy).

Time on market, price reductions, condition etc can also be good indication of the sellers motivation or lack thereof.Rental demand is still high, so I think it is good to project future rents.

This is your first indication that this person will be a problem.

That should give you a good indication of what you could list your property for.Best of Luck

You didn't indicate how old the home was.

Hello All,I'm interested in some valuable feedback on the multi-family real estate market in Greensboro, NC.My research has been formulated from various sources; however, I would like to hear from a few BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates in their comp set?

Hello All,I'm interested in feedback on the multi-family & SFR real estate market in Greensboro, NC.I would like to hear from BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates for multi-family properties.I would also like to connect with residential & commercial real estate agents for any current/future opportunities.Thank you in advance