I believe that the demand is high for people who were not economically effected for real estate, but the supply is very low.

It seems like a great way to supply affordable housing to a market, but also having an incremental exit strategy that has a larger buyer's pool than trying to sell the entire building to one buyer.  

We should see an increase in values going into next year due to supply.

My corporate background is in supply chain management/procurement in the aerospace & automotive industries, which I happily retired from a couple of years ago to pursue my businesses full time.

Knowing the market and understanding the shortage in supply.

Which may be useful to anyone interested in opening a business that distributes school supplies....i guess. 

Some owners pool a lot of assets under a large policy, so their premium may be much lower than yours, or vice versa.Additionally, with the supply/demand dynamics favoring sellers currently, you will see properties selling for what they can generate, not what they are generating.  

Offer Options:Offer 1:$60k Cash purchaseFlood insurability contingencyContingent acceptable results of roof inspection at buyer's costClose in 30 daysOffer 2:$90k purchase$10k down $80k + buyers closing costs in seller finance at 5% 20 year terms with 10 year balloon No prepay penalty (~$545/month)Flood insurability contingencyContingent acceptable results of roof inspection at buyer's costClose in 30 daysOffer 3:$90k purchaseContingent on 80% personal loan (i.e. appraisal)Inspection contingencyFlood insurability contingencyContingent acceptable results of roof inspection at buyer's costClose in 60 daysMonthly Cash Flow AnalysisScheduled Rent2,100.00Laundry (Est)0.00Other0.00Vacancy %(168.00)8%Vacancy LossTotal Income1,932.00Accounting(25.00)Legal(20.83)AdvertisingBusiness ExpensesElectricityEviction (20.83)2 unitsGarbage (64.71)Gas/fuelGroundskeepingCurrently tenantsInsurance (dwelling)(33.00)Turnover Cost(187.50)1 turnover/ year at $1500Insurance (liability)0.00Flood Insurance(166.67)Licenses(18.33)Management(42.67)6% + 1 turnoverOffice Supplies and postage(10.00)Pest ControlPool UpkeepProperty Taxes(244.33)Repair and Maintenance + Cap Ex(225.00)-2700Snow RemovalHOA FeesTelephoneWater and Sewer(95.83)Cash Investment48,000.0020%Property Purchase Price90,000.00Total Financed69,300.0080k to seller loanLoan 1 DescpriptionPersonal LoanLoan AmountCash DownInterest Rate3.50%Points0.00%Points Cost$0.00Closing Costs-$2,700.003.00%TermAverage Monthly Interest in first yearMonthly Payment-$402.00No escrow included.Total Monthly Expenses-$1,556.71Cash Flow$375.29Cash on Cash9.38%Cap Rate25.76%

Demand is outstripping supply substantially.

Dubai Real Estate Market can now be defined by two things: dropping prices and an over supply of real estate.