The normal rent for a 1 br in the area are $645 for 1 br and $750 for a 2 br.

Did you perform landlord duties?

Rerun your numbers with a 20  economic vacancy allowance and see how the deal measures-up.Remember, you are paying the vendor for how s/he has run the business, not for any performance improvements you may realise.

The building is a complete gut renovation and with nearly 5,000 SF of building requiring utility upgrades as well as running all new MEP's throughout the 6 units I am already pushing the $500K point.Wanted to reach out and see if anyone has any knowledge on whether this deal is worth pursuing - at this point it seems that she is looking for someone to assume all risk and give her a brand new building with zero effort involved. 

and basically none of my original clients are in business today or at least as the same company and brand..

Tying up valuable marketing time then simply not performing on a contract is not something to be taken lightly.

I am looking to change up the way I go about making offers to sellers by breaking down the repair fees and holding costs in a nice spreadsheet that will convert to a branded PDF.

1st lien performing under 100K UPB.

Hi everyone! My name is Joe Orr from Cleveland Oh. and new to real estate investing. A little nervous but focused and eager to get started. I'm ready to reach financial freedom for my family and I with God at the fore...

My goal is to train the resident to pay on time and perform under our lease agreement.