Fast forward to today, the condos were never updated and fixed..a few of the buildings burned down, the quality of tenants that it attracts is just awful and now the seller desperately wants to sell but can't since they need 70% of the tenants' vote to sell the property off....I dont know anyone who wants to touch that place with a 10 foot pole.

However, if you find a deal that's returning 3% cash-on-cash you are probably going to be hard pressed to find an investor based on the cash-flow alone.Also, as Dion mentioned above and others mentioned on BP, you should always put a management fee in your underwriting regardless of who manages the property - assuming the quality of work is the same.

A lot of banks won't finance a fixer upper, so keeping that in mind you may need to use a HML, private lender, somebody from an REIA meeting, or another loan method I'm forgetting to mention, depending on quality of the property.

Don't know the quality of their program now, although two of my partners were Fortune Builders Mastery students and are doing very well in Worcester, MA.

(within 20-30 min or so from Schererville) Not necessarily just financially, but overall with tenant quality also.

I work full time as a Quality Assurance Lead at a insurance company.I started my real estate investing back in July 2013 and thanks to people's help, I was able to acquire five units (2 duplexes and one single family) in 4 months.

You want to generate as many quality leads as possible.

I haven't used Property Radar, but I know that @Sean OToole is pretty obsessive about putting out a quality product, so I'm sure it is still very similar if not exactly the same in terms of functionality.If you're buying at auction though, you'll need a heck of a lot more of a tutorial than just what website to use.

I recommend starting your research where you'd like to live - there are a couple of multi family listings like these: lakewood duplex & lakewood fourplexYou might find better returns in Hawaiian Gardens with listings like theseIf I were you I'd keep an eye on the MLS or redfin - and keep in mind that this is LA - most neighborhood blocks differ in terms of crime/quality of neighbors/rentersHave you tried getting the input of someone who is active in lakewood/downey?

My quality standards must be too high, in the video she says 'looks great to me', and I'm thinking 'it looks like crap!'.