Isaac,Before we get started, pure cold calling is probably a 100 to 1 ratio or so. 100 calls gets you an appointment.

@David OThat is pure gold man...

I've heard for larger (5+) units considered commercial it's purely NOI/Cap Rate, but what do I do for something like a triplex which are harder to find comps?

He's doing well, has the same issues we all have and the distance makes it a bit harder but he makes it work. 4-3 team OOS.So of the few people I know investing OOS, the successful ones all lived in the area when the properties were acquired, which is probably not considered true OOS investing, while all the pure OOS investors got burned.

The pure stupidity of both of them was grounds for losing their EM.4.

Not that I'd make an investing decision purely off of google street view obviously but I'm using it as one of my screening factors.This one neighborhood I'm looking at looks very nice.

A big advantage with this approach is that you can afford to put more of your own money into the deal than you'd want to in a pure investment deal.

For this place to cash flow $200 a month, you can pay no more than about $230-235K.None of this considers appreciation, which is purely a crap shoot.

Keep in mind - that post is purely hypothetical and designed to teach the math.

John Espinosa Just pure flipping.