Or they are bidding on undesirable properties that no one else wants and thus getting high rates.They buy the liens in your name and the redemption checks are sent to you - not your IRA account.

The supply of quality multifamily assets on the market is limited, except in undesirable neighborhoods with high crime and economic decline.

To get attractive cap rates in New York, you need to find real distress and probably go into very undesirable areas -- except that everyone else who is chasing yields is doing the same thing!

If you notice the sales are all for similar prices or losses, then I'd look more closely at the details and see if there is something you missed that makes this building undesirable.

I presume you know your area well, and I know that in my area you won't find a prop for sale at $59.5K that doesn't need capital improvements (e.g. more than paint) or is an undesirable neighborhood, renting for $625.

As a rehabber, I was focusing really hard on the numbers, but an undesirable neighbor can easily lose you 10-20% on your ARV.

What if the home is located in an undesirable neighborhood in Atlanta.

In speaking with my mentor/buyer, I now know what constitutes as undesirable property for most investors in my market(like this 2/1).

I recall the investigators laying into the concrete supplier, reconstructing the mixture and running tests on samples, that kind of stuck with me, seems the engineering firm did take a hit on that.Wade, do you know of any material related issues that would make an 80s project undesirable?

@Craig Montesano ,Since the 1960s, I have preferred to own and personally manage income properties that have a target market that some would consider undesirable.