Hi James Colon .

So I'm probably opening myself up to criticism and ridicule here but I probably just need to continue getting my thoughts down on the record so that I can get good feedback.  

Then, I subtract my fee, which has been $5K every time, because anything more, in most cases, would be completely ridiculous from the seller's perspective (as if a 50% of market value offer wasn't ridiculous enough to them already), and anything less would make it hard to recoup my marketing dollars spent.  

Ridiculous thought huh!

It's been a ridiculous process.

Just check out the Marketplace and you will see all these unsupported and ridiculous cap rate claims.

I have no other outstanding loans, and the bank I'm currently talking with will not use current leases to be used as income, which I find a little ridiculous, but I'm about to call a few other banks today and see what my options are.

Hi @Gabriel Santos-Colon Welcome to BiggerPockets!

Even if there is little equity, if the homeowner hasn't run up a ridiculous reinstatement fee with the lender, there is usually a great Cash-on-Cash return.

The difference is banks in 2008 kept giving ridiculous loans that they are no longer giving, which by default creates a realistic limit to how high prices can go.