Lane sent out a form email which he probably sends out to all his investors.  

During the last months I'm having some thoughts I wanted to share.Found it kinda challenging to find a deals on/off the market that really makes sense and make the numbers works out.Wondering if there's people out here feeling the same in other markets as well. 

However, as this WSJ article points out, falling interest rates won’t solve all the problems faced by many buyers in current market conditions.What if I’m a buyer?

With this being my first apartment deal I am more unsure about underwriting this type of deal and was hoping to get somebody who is more experience in multifamily to look at the proforma, T12 profit and loss, and rent roll to tell me if I'm missing something or to let me know of things that I should be looking out for.

I would love to work with an experienced wholesaler so please reach out if you are interested in being a mentor!

Sharing a cozy moment at Rough Draft in Kingston :) We're planning to drive up and check out a few properties on 10/26-10/27.

If it sells, especially at that high price, it will be to an out-of-state investor who does not know better, and they will compare it to the pricing they could pay for a similar house in their local area. 

I hold and practice real estate out of Texas.

I just feel more comfortable to start manage nearby homes to get comfortable before we can venture to out of town places.Maybe this way of thinking is not even the best approach to start out the investing.

My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.Seller should give you all of his bank statements for the time he owned it, plus the operating financial documents (including rent rolls)that he received when he bought.Then find an apartment broker in the area and find out about rents in the building and in the immediate area.