This notion that deals can only be found off market is ridiculous. 90% of sales take place on the MLS- not all of those are "bad" or even retail deals.

I am also looking for deals here, since October real estate has been ridiculous.

Before finding the lender I went with, I did look heavily into bakersfield private/hard money lenders & found that they’re rates, points & fees were just ridiculous.

Additionally, I can afford to drop rents to ridiculously low levels if I had to in order to maintain occupancy because I am not over-leveraged.Other investments.

After 3 years of paying the ridiculous property taxes and high maintenance cost, coupled with collection problems, I sold everything in 2013.

This would be a huge investment, in my area it's around $5000 to have the heating and air system installed, so that alone would be $25,000.I'm considering dropping the price to a ridiculous level and take my loss and move on.I would love to hear any advice, or maybe just confirmation that I need to get rid of the property as fast as possible.

It is literally the most ridiculous thing in the country there is.

The logic is so flawed its ridiculous.

These prices are kind of ridiculous because I remember paying half of this just 4 years ago.

I think this practice is common in this realm, as the idea of reward and success in our real estate efforts are a driving force - the desire to be successful, the desire to be free; however, we as investors will always require the discipline to stick to our plan...unless there is a ridiculously good deal that we just cant pass up, in which plans may change!