Fast forward to a few days ago and I get a call from him with news on this Dalerose Rd property -there were multiple offers, but from what he gathered he didn't think they were all that far off from list price.

Having investments in multiple markets after you get some assets under your belt is a good idea as well as trying out more then one type of asset.

I will say some policies you can name multiple parties on the insurance but.

Multiple leads coming in from different marketing streams is obviously the optimal way to approach it, IMHO.

i think in the short term, maybe some will gravitate over, but people have short memories. real estate is also much different investing unless, you are talking about reits for example. so, my opinion is that while some will gravitate over, in the long run, i dont see much of a change. when the stock market has multiple years of solid gains, people will be back on the bandwagon.....

Is that the point when people will go to blanket loans covering multiple properties in one loan?

This may require that you get to know multiple people rathter than one person to use as a crutch.

A single family home or a multiple familiy home?

They will not only be able to send you multiple deals, but teach you a lot along the way.

In fact, it shows over capability and proof you are a real player when you do so.Dealing with private sellers could be a different story and now that it has been mentioned, a POF should not be needed in such a deal, most are not sophisticated enough to ask for one.