Would love to connect with investor friendly real estate agents, other wholesalers, and cash buyers.Looking forward to meeting all of you!

Purchase price: $275,000 Cash invested: $129,000 20-unit hotel, was abandoned and had sat on the market for 3 years.

Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

Purchase price 70k currently pulling 900 rent ARV 110 - 140k, rehab about 25k 

My only regret is that I never considered real estate decades ago, but I look forward to this journey and the impact it will have on my family.  

Based on the data I saw from ABOR the median price YoY (2023 to 2024) was slightly up (around 2%) and the rent was flat to slightly down.

Looking forward to learning from all of you and sharing this journey together! 

@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

In my area, they charge transfer tax on the assessed value rather than the LOW sale price.

I understood that rent prices are decreasing.