Looking westward I’ve started to look more into Worcester since I’ve heard great success stories in this area.I’ve seen quite a bit posted by @Charlie MacPhearson describing the great deals in south shore.I’m currently in Andover so given I’m trying to stay north to remain closer to work, I am trying to look at Haverhill, Lowell, and Worcester.

Hannah, Ask Charlie Stidham how he's doing with his listing in McCormick ranch. :) As I'm sure you're aware, luxury homes in Phoenix are depreciating in value right now.

Sincerely,Charlie

.$10,000 with payments that do not start for 2 years vs payments starting right away both at 6% are not the same $10,000 purchase price.Also it matters who is buying it (and why)...Charlie Contractor might be able to construct on it cheaper than Mary must Hire a General Contractor.

Originally posted by @Charlie DeHart:Jeffrey's explanation of CAP rates was just fine and very indicative of how you buy turn-around properties.  

Thanks @Charlie Fitzgerald.

@Bill Leonard  HORRIBLE deal  @Charlie Fitzgerald   return FAR to low..Gap funder should get 50% of upside minimum... not a measly 12% apr on accrued basisyou guys really need to take a step back.you should go see a local HML... check out Norris group in LA they take investor funds.Not sure if Charlie takes on investors on a one to one basis or through a PPM.. but someone with his experience is the bow you need to shoot your arrows.Again this is a HORRIBLE Risk/Reward scenario and the person advocating it has just hit the lottery if he or she can suck investors into that scenario.

I'm trying to insure an old 2-family in Cromwell CT.Thanks,Charlie

@Charlie Lehoux Welcome to the wonderful world of real estate!

-Charlie