I can proudly say today the houses in this exact block are selling for an easy $50,000 to $60,000.At last, we got everything cleaned out and started doing the rehab when out of the blue I had a contractor call me saying someone cut down the trees in the back of the house partially to where they were falling down.

You can only cash flow if you pick up a large multifamily.Austin- There are opportunities (we just picked one up) but it's a block by block thing.  

Basically, if you have the cash for a downpayment, you have the cash to pay off your debts (and likely more if you're looking at a DP on MFR).Waiting to pull the trigger is often a huge stumbling block for new investors, because it always feels like if you don't invest NOW, you'll miss out.

If they can't collect 90%+ on current rents (should be a bargain for the area) you have to come up with thoughts on the rent pool for the area, it can support $850, if tenants with income to support $850 will want to live on that block, etc.And - to be intentionally glib - almost all deals will pencil out if some rehab will support a 71% increase in gross revenues.

It's a no win situation and they can make every showing a disaster,, leave out trash, smelly diapers,, block entry,, That's why when larger complex is selling they usually have buyer act like a maintenance tech so they basically see the units and not cause a heads up with tenants.. 

Blocking you now.

My husband hypothesized that they had leftover trusses and block from the garage and just stuck them here  - LOL. 

Real estate can be a block-by-block business and if you can see value where others can't, you'll have that advantage.  

Hi,I'm quite new to these forums, and wondering how to go about blocking people, so that I no longer see their forum posts and they are unable to contact me.I can turn off notifications for the particular thread where they are commenting, which is good. 

Interestingly, the guy describes his house as a 6 or 7 out of 10 – but then explains it’s a 25 year old house, with no upgrades, original cabinet, worst landscaping on the block, water damage, and a hole in the garage.