![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/409307/small_1694558750-avatar-maikelf.jpg?twic=v1/output=image&v=2)
9 July 2024 | 28 replies
GO TO REDFIN, SEARCH YOUR FAVORITE ZIP CODELOOK UP WHATEVER PROPERTY TYPE YOU WANT AND GO TO "SOLD" PROPERTIES WITHIN THE PAST 3 MONTHS ONLY OR EARLIER GO DOWN THE PAGE AND CLICK "DOWNLOAD ALL"IT WILL THEN PROMPT YOU TO OPEN AN EXCEL DOC- OPEN IT-FROM THERE FILTER THE PROPERTY PRICE LARGEST TO SMALLESTFIND THE AVERAGE PRICE BY HIGHLIGHTING THE ENTIRE "LIST PRICE" COLUMN OF THE SOLD PROPERTY SPREADSHEETAFTER CLICKING THE "AVERAGE" FUNCTION, YOU WILL BE GIVEN A DOLLAR AMOUNT- (BOLD THAT FIGURE) THEN GO TO THE SQUARE FEET COLUMN AND DO THE SAME- FIND THE AVERAGE SQUARE FOOTAGE - THEN CLICK "AVERAGE" HIGHLIGHT THAT FIGURE TOODIVIDE THE AVERAGE DOLLAR AMOUNT OF ALL THE PROPERTIES SOLD WITHIN MAX 3 MONTHS FROM THE AVERAGE FIGURED SQUARE FOOTAGE TO GET YOUR MEDIAN PRICE PER SQUARE FOOTYOU WILL USE THIS FIGURE TO DETERMINE IF A PROPERTY WITHIN YOUR PREFERRED AREA CODE IS DEEPLY DISCOUNTEDTHEN, YOU WILL GO BACK TO REDFIN AND CHANGE THE SOLD TO ACTIVE AND DO ALL THE FILTERS PER YOUR PREFERENCE- "PUT IN KEYWORD AREA- "TLC" "CASH PURCHASE" , "NO FHA" AND "UNINSURED" AS WELL AS HAD A PRICE REDUCTION - EITHER MUTLTIPLE OR AT SOME POINT WHILE IT WAS LISTED HAS A REDUCTION (THIS USUALLY MEANS SELLER HAD HIS LISTING AGENT REDUCE PRICE BECAUSE HE WANTS TO SELL QUICKLY- ) SO IF A PROPERTY YOU FIND (AND THERE ARE A LOT) HAVE HAD 3 REDUCTIONS IN PRICE AND HAS BEEN LISTED FOR AWHILE...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/990016/small_1621506952-avatar-tanganika.jpg?twic=v1/output=image&v=2)
10 July 2024 | 50 replies
First off last year at our annual tax sale the largest overage that year was $40,000 over the tax due.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/830216/small_1711876440-avatar-michaelv120.jpg?twic=v1/output=image&v=2)
5 July 2024 | 1 reply
They are one of the largest residential REIAs in the county.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2556674/small_1695318774-avatar-isaiahs94.jpg?twic=v1/output=image&v=2)
3 July 2024 | 4 replies
ThanksHey how is it going I’m also looking into using 80/20 cam they are definitely expensive did you hear anything about them or gave them a try any info will be appreciated thank you
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3061899/small_1719700003-avatar-tima246.jpg?twic=v1/output=image&v=2)
5 July 2024 | 11 replies
Our largest issue (and I understand how fortunate we are so not complaining...too much), is the enormous amount of taxes we pay.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/516689/small_1621480701-avatar-shilohl2.jpg?twic=v1/output=image&v=2)
6 July 2024 | 2 replies
The money moves to the largest corporations and banks tighten lending which brings home prices down OR2.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2837571/small_1696905426-avatar-robertof34.jpg?twic=v1/output=image&v=2)
6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3045022/small_1717855062-avatar-michaels3345.jpg?twic=v1/output=image&v=2)
4 July 2024 | 11 replies
UCF is now the second largest university in the US with 70,000 or so students, and apartments are springing up everywhere.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2558170/small_1688853838-avatar-akshayb12.jpg?twic=v1/output=image&v=2)
2 July 2024 | 29 replies
Quote from @Cam Schwartz: Great analysis @Akshay Bhaskaran and congrats on the find and execution.Go get the next one!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1017458/small_1621507575-avatar-philipm66.jpg?twic=v1/output=image&v=2)
2 July 2024 | 23 replies
I run the largest wholesaling company in NWI- Feel free to reach out if you have any questions.