However, I don't think this would create a repeat of what happend in 08-09, since this wasn't just based on supply/demand economics, but on a fundamental flaw in the system.

Can't get any more details from the agent but I believe they own free and clear.DOM: 45 +Flaws/reason not under contract: No outdoor/yard space due to construction of 2nd unit makes it unsuitable for nice owner occupy or family rental, front house is old & scares those not comfortable with rehab, on a busy street (but 1/2 block to city park, pool, library, downtown).

So here goes... 70% of $150,000.00 is $105,000.00 $105,000.00 - $50,000 paid to bank leaves $55,000 $55,000 - $50,000 for repair cost, the offer is $5,000Sorry, but that math is flawed.

Speaking from the point of a realtor, I agree with James Wise I work hard to network with other agents and uncover the best deals possible for my investor clients.

On the one hand, members are quick to point out a business or REI educator that has a flawed plan or false advertising.

." - The Real Estate Guys A nice strategic by-product of the above exercise is that you might make some great new contacts in these markets & even uncover hidden deal flow.

I have made a list of questions from my reading and your posts as well as @Vana G. post to ask the owner and realtor and really uncover any pieces that I may be missing from the equation!

I think that is the flaw in your example which is making REI look not so good.Good Luck.

And there it was, the flaw in their numbers.

But I would need to rent out to 5 more college students to make this happen I am waiting on my attorney for for his answer I have talked to a person who is active in Springfield ma. were I am buying and said the police have more problems to worry about than counting how many people are in these houses and not worry Is there a flaw in my business model or Am I over thinking this. love your in put Thank you