I've seen a few absolute gems (40-50% ARV) properties come across my plate, I was able to find a lender willing to lend on these specific properties in this current climate but as I read through forums I see that most people are saying the smart money is out of the market.I have a few listings in PG County (under 350k list price) and one in DC (650k list price) and all of them have seen double-digit showings over the last few days.

So you think interest rates will climb to double digit figures soon?

,etc.There is a real reason you are selling and the buyer will dig it out.Specialty asset trades such as your carry more risk which increases the CAP and lending standards.I think the evaluation doesn't sound that far off to me.Try to look for a retiree with 401k money etc. to dump into a business putting half down and then cash you out a few years down the road when lending gets easier.

@Sami Gren If you're looking for a general answer on Northern NJ then I'd say Newark as the cost of acquisition is relatively low (even thought its increasing steadily) and the taxes are some of the lowest in the state.To answer your question about returns, you'll have to reset your expectations about returns, if you're looking for double digit returns in Northern NJ they are few and far between, your best bet is to use cash and purchase at the auction but the auction are no easy task either as competition is fierce.

If you need their contact post again here and I'll dig it out for you.

I am not only a real estate investor but also a real estate coach, my partner Blaise Dietz and I have launched our Digital Marketing training lab just this year! 

I was delayed with COVID to start construction on the ADU, the City of Los Angeles Building and Safety Department has no system to issue and review permits digitally until at least 6 months after the pandemic hit.I live in the front house.

I earn a double digit return and sleep at night. 

As for collecting rents...folks on here talk a lot about a few different free services - we insist on digital payments/ach/bank transfers and charge $25 if they want to pay by check.

In instances where the borrower fails the house is typically trashed.If they continue to pay your yield is single digits.