He doesn't really understand those calculations, as most Investors don't, but experiencing the evolution of the Bed-Stuy Brownstone over the last two years and gauging it with the spreadsheet proved to him that the spreadsheet calculations was REALLY OFF on a CONSERVATIVE basis.In other words, we bought the Bed-Stuy Brownstone with assumptions that we would make far less than what we eventually wind up making.

It's not as exciting as the rapidly appreciating areas, but you've got a lot of solid blue collar and immigrant renters and less crime.

Class C - Older yet Declining or Barely Stable (Know as Crap Shoot areas, large population decrease, home prices flat-line or slightly decreasing, infrastructure needs repairs, School Districts usually rated a 3 or below, high localized unemployment, no new construction, businesses moving out of the area, moderate crime rates, more inventory than buyers, high rental communities vs home ownership, etc.)Class D - Older, Declining, potentially rapidly declining areas (potential "War Zones", high crime rates, properties is vast disrepair, very high localized unemployment rates, small pockets of population, high number of vacant and boarded up properties, bad infrastructure - barely functional, disorganized local government, vast numbers of public assistance housing puds, overall community in need of extreme assistance.)Each Community though has its' own Real Estate Cycle and for the most part that occurs every 7-10yrs on average.

My RE agent believes the seller will accept.This portfolio is in Michigan (we live in Grand Rapids and the portfolio is over on the east side of the state -Bay City, MI).I have already received some great advice from a mentor about going to smaller local banks to look for the loan.  

Obama's rapidly increasing my wealth and his followers are all to willing to assist.

With outsourcing, H1B visas, rapid technological change, etc. it's becoming harder for "average" people to maintain a middle class career path.

But, there has been such a rapid expansion in housing prices over the past 1.5 years, especially in my area, it's mind boggling.

This has been a strange year for all of us as we watch many aspects of our lives rapidly change due to Covid.

This tree has a relatively rapid growth rate, eventually reaching 60 feet in height.

One of these markets has been Rapid City, SD.