I met with him the next day and made an offer in the range of $40,000 to $50,000.

As an example we purchased a $3.2 million non performing note for $1.875 million, and offered the borrower a discount to $2.65 million for a payoff.  

Baselane offers cash flow at the unit, proper or portfolio level.

This was a property offered by a wholesale seller.

In reality, you're not going to want the kind of tenants that want what you have to offer but aren't in a position to buy.

Thanks again, and will be grateful for any more info you offer.   

It is important to look for locations with strong economic growth, rising demand for housing, employment, vacation and infrastructure developments, as well as properties that offer the potential for value appreciation or steady cash flow.

I’m making a few assumptions: 1) at least some buyers and sellers will accept much less agent handholding than commonly assumed, 2) the primary value that agents add is a) pricing guidance and b) advising clients on offers and counter-offers, and 3) there’s no truly compelling reason why North America has the highest average commissions in the rich world.

It has been my path to financial independence, but I mostly am not looking in San Diego currently and I get many off market offerings daily (so even below retail the hold is cash negative).  

He reminded me that he had come out a month earlier and offered to help identify the leak, but my tenant told him they had already checked and didn’t find anything (an oversight on my tenant’s part).