Stats for this deal a fellow wholesale friend in ST Louis MetroTotal rents $900 per month $450 per unit Asking price only $28K All brick with detached brick 2 car garageNot so good news 1 Bedroom 1 Bath each unit 680 sf eachTaxes $2250 per yearInsurance $1200 per yearCosmetic rehab $4 to $6KCMA in area between 54 to 58K

I'm still learning how this site works and when I see a person with stats like his, it makes me think twice about what he has to say.

I used yahoo real estate and www.homefinder.com to get info on vacanacy rates, crime stats, local schools.

Thanks for the reply Finance Examiner.

Goes like this…We have one long building approx 3300 sq ft. with a couple of waiting rooms, ex doctor offices, remember, a nurses station, a coffee break room, several bathrooms, including a handicap one, a large phone and file room, and about 5 or 6 nice office spaces and about a dozen of what were once examination rooms, about 150 sq. ft. ea.

Real and close examination shows most gurus to be nothing more than pitch men or actors.

Maybe you can post the numbers and stats on the property, and that will help.Sorry to be so vague.

Do not remember the stat but the money is not there for commercial loans.

I just saw a stat that Las Vegas had the 2nd or 3rd highest rate of job losses in the past year.If that were true, I would think that the real estate market would still have some drop in it (how anyone comes up with 30% is beyond me though).

If you have to resort to lies to convince people to agree with you, perhaps you should re-examine your beliefs.