Papersource more than Noteworthy since Noteworthy is now a massive pitchfest.

We will be retailing the property after minor carpeting and paint.We will call the bank this afternoon.

some agents who work mainly with retail buyers don't understand an investor expectations and not a good match."

cool - give me a shout if you hit any bumps, or have questions.....Also - if you have any distressed, outdated, or non-retail properties in the area - let me know - I;m buyin - (3+Brs/1000+sqFt, SFRs and Multis)Best of luck - Happy 4th!

If you were wholesaling cars, would you try to go buy them from a retail car lot?

So with that being said, if you finance a multifamily from the MLS at the current retail value, then your cash flow will be very little if any.  

It sounds crazy, but as soon as the seller accepted the offer, everything I learned on this site and from books just all "made sense" in that very instance....I immediately saw a million other strategies(hard money, flipping to retail) that I could have applied.

Wholesale prices (foreclosures, absentee owners, etc.) have risen a lot more than retail prices which has squeezed all the profit out.

Many businesses are gone, more are going under, vacancy rates in commercial retail, office, and industrial are rising, property owners are struggling to retain and attract tenants, and values continue to reduce.

My observation is that banks price their houses based on a move-in retail price less their estimate of fixup.