The lucky part for you is that there are many fewer people who are in the multi market than the SFR market so it should increase your chances right out of the gate so to speak.Also depends on DOM (days on market), at some point the bank will want to clean up the balance sheet for the month or quarter etc etc and if not sold, will begin dropping the price, sometimes dramatically.

I have been tossing around the idea of doing a flip in my area to provide for an initial capital boost, as I have done very well in regards to the ARV of my two previous properties.I have a lead for purchasing a 3/2 manufactured home built in 2007 very close to where I live for $60,000 that is not currently listed, comps in the area are between $80,000 and $95,000.

Being that I would like to keep the tenants, I would never make the dramatic jump to market value, but I plan to get there incrementally (perhaps over two years).

It is key to list your property at the appropriate price, as your credibility in the marketplace will dwindle dramatically after the first 30 days and low ball offers will start coming in if any.

As far as the area around Madison I have no idea about it, but if there is some huge developments under way that could push the appreciation aspect up dramatically over the next 10 years or so then maybe if you don't mind losing money on it and living in it just to off set cost of living then go right ahead.

It would boost my credit and pay off a lot of bills.

How can we boost this post?

I would rather offload utility than increase rent to boost the bottom line.

I am always looking to boost my knowledge of commercial re.

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