If rates go up and you have a balloon you could be SOL, also most brokers do not include ALL expenses in the cap rates, many you see will reflect proforma which is usually pretend numbers or could be.

Probably the least productive activity is having to weed out the pretenders from the real players.I typically do this with having anyone I work with show bank statements and to verify that when they say they have 400,000, 1 million, or whatever to work with that they actually do in fact have that.You would not believe the number of people out there that pretend to be working with capital or overpromise themselves.

So for instance you get a lot of pretenders for buyers.

May be it is because he needs to support his 14 or 20 children and HAVE TO rent what he have without even pretending to be honest, but 4 Br apt, made out of 3 Br condo changed 11(eleven!)

I'm not going to pretend that it is what I've been doing here, I personally decided to focus on buy and hold in a more numbers friendly market back home in FL, but if that many houses are selling for a premium then it seems that if you can find any of the deals that aren't going through the more traditional sources you'd have a good potential for profit.

Still, if you get strange calls, be careful about giving out your information cause you might get calls pretending they're a seller or buyer.

Sounds like that "cash buyer" was only pretending.

.- If you want to be really slick and know if the property is a good deal, pretend you are renting out both sides and calculate your cap rate and cash-on-cash return.

and you will get a good cross section.To do your research, pretend to be a tenant.

The investor knew what they were getting into and now pretend that they didn't understand the risks (BS).