Can't say as I have ever thought about quitting RE.

Say a home has a large amount of deferred maintenance.

I just wanted to re-introduce myself people and say ‘Hello’…again.

I would say as a new investor, try to get your feet wet by checking out properties with help of realtor if you already decided on your strategy and plan.

You might end up selling the homes for less, but increase the value of your park over that difference... since you value the park on say a CAP rate 10.

I am going to let everyone know my current situation and see what kind of advice I can get from all the experienced investors on here :) I currently have two duplex's and thinking of selling both of them to buy a bigger property, say a 4,5, or 6 plex.

You can take any listing, let's say a two-amily home, plug in the data into the deal spreadsheet, and run the numbers showing how much cash-on-cash returns the property will bring.

So, you still have 2 of the 3 methods available to you and you may find a 3 or 4 plex that can be used with adjustments for the market approach, but that won't fly IMO for financing.As Ann points out, you can also use comps in other areas that are considered to be in the same or similar markets, say a town 8 miles away that basically serves the same area population.

Hey guys just wanting some insight or advice on how much savings one should have before a purchase, I know people on here talk about no money down for buying but when the mortgage comes what's your safety net or savings amount you like to have to pay for say a few months rent or worst case scenario ...

Hey Aaron, given your particular business model, and perhaps just in general in the SoCal market, how typical would you say a deal like this is in this market?