At asking price, they will not cash flow with 80% financing and have cap rates around 4%, which does not make sense in Maine.

I've read MANY posts on other sites about how Springfield renters are mainly pot smoking lazy bums that don't care about their living conditions and will likely not pay rent and often damage your property.I invest in multifamily part time and looking for good cash flow to support retirement in 15 years.

Main thing I see over and over again is a building built say 10 years ago.

Update 2, 1.24.14Hey everyone, so I started my 2nd attempt at yellow letters but this time, my method is different from my 1st campaign, mainly in my lead quality and mailing method.First, my list source is different.

This is a multi-unit property with a main 3/2 house and a separate duplex in back with 1/1's.

i forgot to add that the engineer also inspected the wood walls on the main floor and found "no significant deficiencies"

If it sounds like they aren't in the same ball park as me then I won't put a lot of time and effort into the deal.I'm actually heading over to see a triplex today because the seller 'sounds' motivated but mainly his asking price is acceptable for the area.

You will get a very good education in your topics of interest fast.Read the articles on the main blog and listen to the podcasts and you will learn a ton more as well.Make sure to connect with as many locals as you can (as well as valuable contacts elsewhere) on here.

They then go back to the other buyers and they may be gone or have purchased other deals.The syndication might have some money by the main purchaser and other funds contributed by outside investors.

Local, regional, national , and international private equity groups and REITS know about these deals mainly because there are only so many hotel deals over a certain dollar figure.