A lot of investors will park their money in a 10% property, I'm guessing Joel showed what you could get based on the rents.

I was hoping Joshua would do the summit here, but... not to be, so we'll all have to do a meetup sometime I guess.

Dang, I guess I better roll up my sleeves and get busy.

I would guess not. 11k noi on a 140,000 purchase would be an 8 Cap.

I guess she is offering the banks/wholesalers $5,000-$10,000 more than than MAO for some back at closing.

has anyone noticed when they open the door to see the house for the first time, if its a 'good' house, it is totally clean, the electricity and water are both on.It's also funny when they say "houses in this area sell in the 140's",,I guess the size doesn't matter to them,, it is good entertainment, but thats what it is.If I started buying houses to keep others from getting them, I would probable be bankrupt in a short period of time, thats how you get killed in this business

Duplex--ea unit is 2+2 about 998 sf; fair market rent is $1000 to $1100One unit has been totally remodeled---the other is a mess with a long time renter who is a hoarder and only pays $500;Listed with agent who can be let go anytime;Price is in the mid 130s Closest comp is $165k (.24 mi) Another within .3 mi sold for 155k2 more comps within .5 mi range @$155-160 and are newer.I am thinking to offer $107ish: 75% of fmv of $160ish minus 10k to remodel the bad unit and 3k for the eviction stuff (I HAVE NO IDEA what it costs to evict a tenant--I was just guessing it would take 3 months)then:evict tenant, rehab the bad unit for 10k, rent units for $1000.

I have watched so many people say "this market (or stock) is so beaten down, it must be a great bargain right now"...but guess what happened a lot of times, it went down further, and people lost a lot of money.

Well I guess that's what I get for assuming.That said...

I guess I'm still confused are you saying each 4 unit currently has debt service of $2,410 or is that for both quads?