He is a pretty good whole seller about 3 to 4 deals monthly with 5 years experiencebut, i don't know if its the correct thing to use because when i run my numbers his MAOs are always much lower then my MAOs. now he also stated that the area matters the type of area matters the standard nice house in a nice neighborhood your formula would be ARV X 70%- repairs= MAO - Profit margin= cash offernice house in bad area ARV x 65%- repairs = MAONice house in WAR Zone ARV x 60%- repairs=MAO what do u thing about these?

If you tried to do a rezoning to higher density in my neighborhood, some folks would fight you tooth and toenail.

The bank wants $159,000 and the comps in the same neighborhood are ~$220-270,000.

Most of the time I am looking on the internet, newspaper and calling people for leads.

The property is in "Tear Down Condition" so I'm assuming I have to do something with it along those lines.The area is definately a lower income/value area ,but is somewhat close to a neighborhood of high priced homes.The lot will be something like $500-$1000 at maximum with a home on the location.

I saw a FSBO for a house in a really expensive neighborhood.

Seller financing is the hot ticket down here.On the marketing front, we are finding that the local newspapers are ineffective for selling and renting properties.

One week later we were bombarded with newspaper reporters inquiring about our Lease and our "tenant" Of course I played dumb.

In some tract neighborhoods zillow can give you a decent indication of value, but with custom homes its not very dependable.

The payoff will be worth the expense when you're cashing checks.I'd add that to a bandit sign campaign, by posting fliers all over the place, and running inexpensive newspaper ads.Good luck!