-Simple assignable contract-Remember you are selling contracts NOT houses, as you are not a licensed RealtorI am a local Rehabber in Savannah, if you want to add me to your buyers list I look for properties in Savannah and surrounding areas with a purchase and rehab price under $150k.

Different land parcels not only vary in purchase price, you also need to assess the land infrastructure cost which will change based on the property so your construction cost will be different based on each parcel of land you're looking at even using the same 4 unit set of building plans.

I am curious if there is anyone out there, specifically in Ada, OK or surrounding areas that can shed some light on the market, if there are decent property managers out there, etc.

@Derek Caffe Aside from infrastructure , mechanicals , physical inspections , be sure to review the zoning/permitted uses and what you will need to bring to current standards if you are modifying it along with a survey and phase 1 inspection.

Additionally, I spoke with a broker last week about multifamily trends in the canton, OH and the surrounding area and he said trends show average price points around $35k-$40k for market properties, so maybe you can find distressed product around $25k a door? 

Let me know if I can ever help with any questions you have about the market or surrounding counties.

Hi AndrewThat's a tough one because tax rates seem to vary from state to state.I'll give you a quick example: Salt Lake City, Utah $300,000 home with an annual tax amount of $2,500.Detroit, Michigan $35,000 home with a $2,500 annual tax rate.Pontiac, Michigan ( different county that Detroit but only 20 miles north of it) $35,000 home with a tax rate of $700 annually.In the midwest and west I see an NOI of under 6%, in C grade neighborhoods.Select areas on the east coast and surrounding region I see NOI's of 9% to 15% in C grade neighborhoods.Property Taxes are the same whether the home is held personally or in an llc.I hope this helps, please feel free to send me any Specific questions and I'd be glad to answer them.Good Luck.

Hi Robin I'm a wholesaler , if I find anything in Lakeland or surrounding areas r u interested?

But only after the financial infrastructure to support a flip is set up.

“Five years from today, you will be the same person that you are today, except for the books you read and the people you meet.”So remember, surround yourself with good books and people.