., yeah, I've got a pretty good team going (so far) in Cincinnati, actually it is just across the river in Northern Kentucky, so I'd probably buy there again to minimize the out of state tax forms I'd have to account for at the end of the year, since I already own property in Indiana and Kentucky.

Because a lot of them sell before they hit the mls, I'd suggest digging into the local banks in the areas you're interested in.

I'm guessing there are absentee owners who are already sick of landlording long distance and want to be rid of their properties and move on.I've seen a few people here complaining about a low response rate from their absentee list, so I'm wondering if my criteria hasn't been hit as hard.

Here is my dilemma: I live in Northern California where house prices have hardly dropped and my community has currently 1 house below the $400,000 price.

Being so new I would the more experienced opinion of the wiser BiggerPockets community.Here is my dilemma:I live in Northern California where house prices have hardly dropped and my community has currently 1 house below the $400,000 price.We are near a University and the rental market is always busy.I'm currently looking at two houses.A Duplex that rents for a total 1700 / monthA Fourplex with rents that total 3950 /monthThe duplex, I'm thinking of offering 215k bank wants minimum 235kFourplex I was thinking of offering 400k Banks wants 465kAt these prices my calculations don't seem to cover the 50% rule.I'm doing FHA or Conventional with only %5 down.Doing my calculations, at the prices they are asking I don't even get a Cap Rate of 6% or the 1% rule.What do you guys think?

Rental Cash Flow Splits: the net cash flow after all expenses I typically give capital partners 90-95% of cash flow and 5% to Managing Member after hitting a certain hurdle rate of return.

When it comes to REOs, it may not be that the min acceptable bid was not hit, it may simply be that there were 2 or more offers and the bank is countering the multiple offers by asking for the best offer, trying to fetch the highest price.

Marie Poe While I still think it is a silly comparison, I will answer you that I always post when I hit the correct day (day 6 here).

Hi everyone,

One of my mentors told me to get on this service. My wife and I are new to investing and have been amazed at all the like-minded folks we have met.

Our long-term goals to have enough passive income to ...

According to my Inspector if the plug is slightly unplugged & something falls down on it, it will only hit the ground prong not the two live ones.Fortunately or by luck we had all the new ones in correctly except one.