I'm open to what I can afford at this point, and will produce some cash flow at this point.

I'm not going to get rich flipping them, but should produce a steady cash flow in the years to come.I called him back a few days later, asked him if he would/could provide some numbers to back up what he said because I was going to begin raising money.

Bidding blind will most likely produce a loss and put your further back than just collecting interest from a bank savings account.John Corey

Hi everybodyI'm usually a investor in income producing commercial real estate nationwide and I'm thinking to do some REO's in my driving distance for a very good price reduction, In NY i think its impossible to find good deals, so i will like to hear from someone in NJ if we can get some VERY good REO deals in NJ, in good areas or even in Newark (not Irvington i have two buildings there and its vacant for almost two years after putting a lot of money in the bldgs) I tryed to look some older listings but i wasn't able to find what I'm looking, only the same things many times and from the same posters with different namesIf you have any direct source for such deals, (I can buy in bulk if needed to get a good deal) please let me know.ThanksJoe

In any event you do need to take a harsh look at the income the rental is producing.

I own several properties in Mass and none of them are producing net cash flow.

I've always had an interest in renting properties to produce cashflow for myself but I will admit i've lost a bit of focus what w/ the long work hours and all.

The logic is you want to compare what a building produces in terms of income independent of financing.

Even more reason why the gold mine might produce nuggets.John Corey

If the competition offers a service that is time intensive but produces low results let them waste their time while you get on with it.John Corey