The general rule of thumb that I provide is that you want the median household income level to be above 38 K in the Midwest and above 40K in the rest of the u.s. numbers below this, cause tremendous churn, which will spike your repairs and maintenance cost and kill your profits.

The average sale price of a multi family is much lower than a condo so I new there was tremendous upside if we renovated it and converted it to condos prior to selling it.

It was tough getting a loan for my self employed client without attaching real estate and they helped out tremendously. 

If they have no comps or appraisal, just show them all of the details of the comparable homes in order to help them understand your property value number.This step will help tremendously with the amount of offers you get accepted.Step 6: Create and Present Your Multiple Choice Offer.

When I was earning a lot more than I needed, it was easy to take the risk with disposable money.I want to quickly point out that in order to really take advantage of getting these seemingly tremendously lucky deals, you need two things:1) Recognize the Opportunity and2) Be prepared (usually by having the money for it)When I started working in my professional IT Job, that gave me the preparation part.When I started learning about the financial calculations, especially Future Value, NPV, DCF, etc.

Vince Incopero of Real Law Group was tremendous help and resource during the sale and closing process

Vince Incopero of Real Law Group was tremendous help and resource during the sale and closing process

Think of a mastermind like a smorgasbord of insights and solutions vs coaching is a fine gourmet dinner for two.Both have tremendous value, but they are different in terms of personal attention and accountability.

If you buy low enough, it will offset the risk tremendously.

Ladson has seen tremendous growth over the last three years.