There is a minority that does underprice, these are individuals that don't do much checking on the state of the market or the like.Just make sure YOU know what homes are worth and the costs to repair things.

If you were to get approval from the city.county, re-plat the lot and subdivide it so that the tr-plex sits on one parcel, and the duplex on another, you could sell them individually and they would become residential properties (4units and belwo) which are valued based on comps and not cap rates.

They are highly desired properties, regardless of whether they are owned by individuals that can afford to live in them as their primary residence, or renters that want to vacation in them and live well for a week or two.

The purpose of this plan is to teach you how to do real estate investing the right way so that you’ll be pleased to eliminate your job and become a full-time real estate investor, not how to replace the job you have right now with real estate investing, which you may come to dislike as well.There is a myth that many people believe that if you have a ton of money and no job, you are living the good life.

It's not hostility,i just firmly believe that no book is gonna teach you even 1 life lesson.It's called "common sense".You can have all the book smarts in the world but if you have no common sense you are doomed in the RE business.RE is no place for these hippity hoppy people who bounce from 1 idea to another.It makes it tougher on the serious people.

i use both. letters are better because you can get more of your message to the seller. the key is to get it opened and that's best done by making the letter look personal and tailored to that individual. some say postcards are better because they dont have to open it. the one true way to know is to test both. however I use a sequence. i may start off with a few postcards, then follow up with a letter to the same list.

So a $35K initial offer on a $40K list means you will be paying somewhere between those two figures.That works whether it's a big institution or an individual homeowner.

Find the average cap rate (this also varies between apartments, retail, etc.) in the specific area you are looking in (this does not mean the state average or even metropolitan area, but that individual community) and then decide if that rate or a better one will be your target price point.2.

I think some bulk deals are selling at 50% of market value and then are split up where individual properties might close at 65% at absolute auctions.

i think you need to explore the idea of your client building his corporate depth. as an individual he can only do so much. he might have to go to a hedge fund that works with a top ten bank and uses thier funds to set up a wide variety of programs that they as a fund service.