Single loan amount is $100kIt is brand new and they did not appear to know a lot about notes as I told them you will not get an appraisal with interior inspection and he did not know how to respond.PRNEWSWIRE.COMSharestates Offers Non-Performing Loan Financing NationwideReal Estate Crowdfunding Company Sharestates Launches New Non-Performing Loan Financing in 4

The houses are right next to each other on a corner lot that is ~2 blocks away from a brand new hospital that is being built in my townCurrent rents - these are definitely below current market value even before the new hospital goes in.

But there are a lot of new restaurants and bars, as well as a brand new luxury apartment complex.I am still personally a hugh fan of Pleasant Ridge because of the spill over from Hyde Park and Oakley where the rents are insane.

A freshly remodeled home haha.

The FinancialsPurchased our "starter home" brand new in 2010 for $166,490Zestimate is currently at $281,510Mortgage Outstanding Principal balance is $137,331.69Monthly Payment (PITI) is $1,159.24Rent Zestimate is $1,625 /moIn case it's relevant, our budget for a new home is $450K and we have 25% saved for deposit.

The vision of a freshly updated home is so seductive, it's easy to forget that the project will most likely come with aggravating delays and unexpected issues.

:) But I’m brand new at this and just educating myself for the first time... so far the main criteria to finding a ‘proper deal’ I’m aware of is to make sure you but your property at a discount. (20% - 30% discount seems right but I’m sure practicing this is much more difficult than it sounds.) 

please tell me your secrets.7) cap ex. budget for it. yes you may have brand new systems, but brand new systems break down with time just as everything else. you may not ever see the bills, but i would make sure i was prepared for it.8) repairs, do not underestimate the the destructive ability of tenants.

Some are better at building a team brand, some are better at training the residential Realtor, and some allow you to be your own business and have a more of a DIY attitude.

The info provided is from a wholesaler Please note he states its a teardown and the asking price is more than the comps he provided which are larger properties than the subject property.SFR2 bed / 1 bath 792 sf Lot: 8,599 sfPickup Price: $475KEst Rehab: $775KAfter Repair Value: $1.8M ($450K per unit)Tear down existing home to build 4 brand new townhouses with 3 bed 3 bath and approx 1,500 sf each unitComparables: 12307 Cheshire St # A Norwalk, CA - 3 bed 3 bath 1,322 sf Sold Price: $435,000 14786 Pioneer Blvd Norwalk, CA - 3 bed 3 bath 1,483 sf Sold Price: $422,000 12309 Cheshire St # C Norwalk, CA - 3 bed 3 bath 1,142 sf Sold Price: $417,000