How many of us can produce an Appraisal from 2006 or 2007 for a house that would be a complete joke today?

That’s obviously much better than just seeing how you went 12 months later and finding that you only acquired property that produces $1,000 per year.

Since it's a triplex, ask them if they could look at the property with the income that it produce instead of the comps.

All the people that prosecute bad checks say,its just a bad debt and YOU have to pursue it in court yourself.Now if somebody gave a bad check to a store for produce or some item, then and only then will they take the person to task for it as a bad check charge.

The summary an owner should be able to produce for an apartment building.

An optimist and a pessimist together can produce productive results, even though it takes longer than one would like.I currently have 3 deals about to close which will allow me to begin working on a list of 180 more opportunities.

But with a decent income producing property hovering around the $3MM mark in NYC, how doe one get around coming up with $600k (20%) and stay afloat as an investor.

But my guess is that if you can't produce a crop, livestock, or timber on the property, they're going to give the land a very low value.

There is nothing to be fearful of if you understand what you are doing and have a long view of history:1) The correction in the real estate market has refocused investors away from the greater fool theory ("I'll buy this property in hopes that someone will pay me more for it in a few years") and back to the fundamentals of investing -- that the intrinsic value of a rental property comes from the stream of income it produces over time.2) Property values are falling because supply is greater than demand.

Too many people think only about the marketing and not enough about the product.Take the product to the masses and the masses will come to see the product.Find out who the top producers of high end real estate are in your area and bring the deal to them.