You might not buy from there, but your customers will.Sign up to turn-key providers email lists, more education there, tearing those puffed up pro-forma's apart and from time to time, a deal does make it through.Go to REIA's, know what you are looking for and tell whomever will listen.Help people out without asking for something in return, let them know what you are working on and let them pay you back when they run into something that reminds them of you.

It's in a smaller market, but limited competition so the feasibility study that was conducted came out good along with the pro-forma.  

I am currently looking into purchasing a duplex through Elite Invest in Chicago.I would love to speak personally with some investor's that have worked with Alex and Elite Invest to see how their experience was and is going.They yield quite high rent returns in their pro-forma and wanted to see if they execute those numbers often.Send me a PM or respond on here!!

Rents were low, vacancy was high, property taxes were low, utility costs were low.Today many sellers are selling pro-forma numbers.

Hey guys Im sure this topic has been covered over and over again but I am having trouble finding a clear answer since I am very new to REI and have never purchased a home but would like to make my first purchase for a duplex using the BRRRR strategy.the particular unit im looking at is 570K and I do not have a sufficient down payment (I have about 10k to put down) I do not know for sure yet but based on my conversations I am sure I can get the price lower since that is price of initial listing.so my question is If i get a 20% loan form a hard money lender and use that as a down payment for a mortgage is this possible?

California in general is still out of my budget that's the reason why I want to look out of state but you're right I need to pick a place and form a team.

I work in places like Indianapolis and Cincinnati - we vet our contractors: references, background checks and require photos and progress notes in electronic form a minimum of twice per week.

If the property is managed by a PM just ask for the 2016 T12 (earlier years too) so you can look at fun things like *collected* rents and see how those differ from a pro-forma.

I would recommend modeling vacancy into your pro-forma (maybe 8%). 

If listed with a broker they may have a pro forma that they could provide.