Remember, if you are seeing rates below this those might require substantial down payments.

It may have NO view on the first floor, but 2nd or 3rd story may have views.Until moving to southern California, we never dealt with terms like peek a boo ocean views, filtered view, etc., but now it's important to know exactly what type of view if any a property has.Michael (our son and partner) does our architectural designs.

They are still getting it way below market value and couldn't get that kind of pricing where they are located.The only ethical problem that I have with wholesalers is when they essentially pull the wool over people's eyes.

Lastly, it sorta messes up my move in procedure, the check list, going through the appliances making sure everything works etc...showing them where the AC filters are, where the water shutoff is, AC thermostat etc...

To wholesale them you need to get them under contract well below the listing price.

We have found that while the cash flow proformas may be lower in these areas, we have a higher quality of tenant (lower vacancy), higher quality property (lower maintenance) and stronger neighborhood fundamentals (more liquidity and appreciation potential).All in all, this product appeals to the investor base that is looking for a more stable and quality investment than simply the highest rate of return.I hope this helps a little and look forward to the continuing the dialogue with this group.Best regards,Michael Finnhttp://www.meridianpacificproperties.com/

We're lucky if it gets a few degrees below freezing around here.

And I'll make over 10K on it with a list-price set well below comps in order to sell it fast.

However, such a small price, your loan amount may be below a bank's minimum loan amount, so better call and ensure you can get the money before you contract, and/or make your contract subject to financing with your down payment.If this is a rental, you might ask the seller to finance this, since the loan amount might be hard to finance conventionally, that means he may need to finance or wait for a cash buyer.

Because your unlevered CoC is below the rate of your loan (4.5-4.7%), you are actually creating a negative spread by taking out a loan.