They're obviously wrong, since it hasn't sold at $550,000.Commercial properties are typically valued based on the income they generate.

I have a regular job with an annual income of ~60K and a credit score of 740 albeit of limited duration.My plan is to use the VA to finance, perhaps a duplex that will allow me to get my foot in the door to generate capital that will allow me to do it again, twice or thrice in a year or 2, until I have the capability to pay cash for distressed property.I have d/l'ed all the BP podcasts , purchased the " Book of estimating rehab costs & Book on flipping houses & Inspecting a house by Rex Cauadwell " per suggestions here.By this time next year I would like to be living the above plan and be well on my way to my 2nd property purchase.All comments or criticisms are welcome.

We have acquired 2 currently which are both rented out and generating income.

The goal is to arbitrage the expenses for buying the ad space and the revenue generated from people buying the offers.

My long term investing strategy primarily involves purchasing rental properties (starting with 1-4 unit buildings and growing into multi-family) and generating quick cash in the meantime with infill building and wholesaling.

deals like this go, I just don't do them, I'm not smart enough and also because I'm part of the T.V. generation; my attention span runs the length of a t.v. commercial, lol.

As long as you're generating income what do you need to realize the capital gains for?

I bought one $500 house and blew $20k on repairs...mind you I spent the money so "I finished my plate" and generated an earning asset, you live and learn...it's only when investors quit mid-stride that they fail.

It does change the cash that goes into (or gets deducted from) your bank account, but it doesn't change the fundamentals of the property.Circling back to the main point of your post- you can find markets in CA that generate decent yields, and if you do your homework, you can buy properties that outperform those markets.

My partner and I did our first deal a few years ago which went really well and we have about 1-1.5M in equity, but the problem is that the cash flow it generates is not that great - partly because cap rates are so low here in Los Angeles.We have the property listed for sale and are thinking of 1031ing into something that will hopefully provide a lot better cash flow - which probably means we will need to look out of state.We were considering multi-family but are open to ideas.My question is - with 1-1.5M cash, is it possible these days to get levered returns in the 10-15% range?