For the past two years, I’ve been diving deep into the world of real estate, and I’ve accumulated over four years of active experience in acquisitions.

These properties include different foreclosures and those that sell below their market value.

Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).

@Cole Starin sometimes it makes sense to sell the WORST property in your portfolio.Another option is why do a LOC on the duplex, when you could just do a $100k cashout refi to pay off all your debt AND keep the property?

Your investment property - This you could do a 1031 exchange on and buy another property you intend to use for investment. 

MattIRA buys a property for 100k and puts 30k to 40k into the property.

Depends on which property you pull equity from.

Quote from @Paul Whitehurst: Many will tell you to borrow money from Property A to purchase Property B, but that's known as over-leveraging and not recommended for a newer investor.

In NYC trying to compare like properties and eliminating co - op debt, co-ops will sell for 60% to 200% of a comparable condo.  

Happy Monday!Say, I have a potential client that has asked me to value a 7 unit apartment building. I have all the income and expenses. Does anyone have a "program" or formula to use to establish a reasonable list pri...