They also require no appraisal, no income verification, no tax returns, probabyl no copy of the lease, etc.If I were to go to anyone else, may lenders don't want to touch these, unless they're already servicing the loan, the qualification process is massively tougher.For instance, many lenders can only go up to 105% of value and you have to get an appraisal, Also, you'd need all income documented, tax returns, debt ratios, just like a full blown refinance.

If you can complete a major renovation/ value play it is possible to purchase something distressed and fix up for lower then perceived retail price, however this takes a massive amount of capital and knowledge to execute on the scale of an NYC apartment building.This is not to say that you can't find the needle in the haystack but it is not a scale-able modelFind me a deal that is otherwise and lets analyze it

I think if you are investing in real estate, you can still be looking for a quick buck, but you understand things can take some time to develop. compound interest is very powerful and if you are not in it for the long term, you will likely not be too impressedPeople are too emotional and probably log into thier stock market account too often and play off of those emotions. i am no different, but my stock market preference is dollar cost average for the long term. i do this through index funds and mostly retirement accounts. the stock market is at all time highs and while it had a huge crash, most people got scared away. as the stock market returned, people statring talking more about it. as warren buffet says and this goes for any investment. people want to buy clothes, cars, ect.

Yeah, there was this massive block of 35 multifamily properties that most of them jumped quite a lot.

Warren Buffet said it best in an interview when he said its impossible to purchase such a large quantity of homes, and place proper teams to manage the rehab, sale, and property management needed to make such a large quantity of homes perform to their potential, over such a large geographical area such as the United States.

I have a real estate background and created massive spreadsheets with comparable sales, assessed value, market trend analysis, etc. to valuate a potential real estate property.

The massive growth seen in that time was unrealistic, and unsustainable.

The bank or asset company looks at all the reports and then instructs the listing broker to go off of that price to list the property for sale.During pre-list the bank or asset company will not talk to you and you have to wait for the property to be listed unless this is a small local or regional bank where their process and procedures are more flexible.Wells Fargo is a massive bank so you will have to wait for it to be listed.

In Adams County, Colorado, bentonite soils can cause massive foundation issues, and foundation issues are expensive/impossible to fix (especially on bad soil)After that, I would look closely at electrical.

The MLS is being picked bone dry by a massive influx of investors(new and more experience)as well as the hedge funds out there.The old fashion ways to find properties are starting to become more viable in the current RE markets.