It's usually just hoping to break even to maybe $200 to $300 positive cash flow each month.Rentals do not take low ball offers.

Simply this little grasshopper...It was do or die, step up or get offNo turning backRuffle the balls with feathers (just made that one up)I went to beast mode.

running and self managing rentals is a JOB regardless of PM or not.. why folks think these properties are just put on auto pilot I will never know.. being a passive investor in a syndication what most are looking for in the way of NOT having a JOB.. the syndicator has the JOB his job or her JOB is to keep the ball rolling and manage the asset.

Hello folks,No one has a crystal ball (ask those who lost their undies in 2008) but I would recommend to focus in an area you know and/or want to specialize in.

I know that wholesaleing you pretty much low ball the owner on the offer but by how much?

I know the challenge is finding something that you can do well enough on to keep rolling, without taking on too much risk - however my concern would be if you have not taken an active role in managing a project of this scale - as your first go of it - you have a lot of uncertainty related to both the use of your time, and ensuring that your 70k point estimate is in the ball park.  

Hi Michinori,I assumed that I need to make my percentages a decimals to covert it into a percentage, I've fixed this now, I see now I've low balled the repair cost due to the fact I assume that the place was move in ready and would just need cleaning of sorts. 

How do I get that ball rolling?

I know that the BP podcast talks about making lots of offers, but I sometimes question why people make these crazy low ball offers.

I’m eager to get the ball rolling for myself in this business.