I've been learning as much as I can before doing my first deal and I'm exploring the possibility of utilizing a private lender.

@Jay Hinrichs: I agree that it would be very difficult but can be possible if you can take on partners who have resources and you are bringing other value to the table.

Hello Everyone,A strange convergence of events in the last 48 hours has led to the real possibility of purchasing a solid B class office building in my town.  

In our case improved operations provides the self-funding to make these investments possible, to the detriment of cash flow during the first 4-5 years, but we planned for that going in.  

Brian Kolb - like Christina R. said, HUB City REIA is a good place to possibly locate a mentor.

The easiest way in my opinion is to make the sale for the seller as easy as possible so he's inclined to sell it to you.

But be careful of the taxes eroding any possible cashflow. a 60k property in Coram, NY will run you 5600 in taxes, so this appears to be a challenge even in suffolk.

I was wondering if there was anyone in the Philadelphia area who has the time to just answer a few remaining questions that I do have, and possibly let me shadow them to see how you properly assign a contract and close.

I buy a lot of properties in Metro Detroit and I've seen deals like that but those are in neighborhoods that I feel like I should be suiting up in full combat gear before I get out of my car.Realistically in C+ neighborhoods you should be getting a Net ROI of around 12% possibly lower and possibly higher depending on mistakes that are made and what kind of luck you have. 

ITT students might be able to transfer their federal loan credits elsewhere or possibly have them canceled.