I live in a town where the 1% deals are not easy to create, and even more difficult and rare to just stumble upon, but they absolutely are out there.Some 1% deals are residences, some are parking lots, and some are a flat concrete pad with cell-towers disguised as flag poles.If you were to compare every 1% deal across a tough town you'd probably find lots of creative angles unique to each deal.   

National pending sales were up based on the report this morning.

She lives on Park Ave in NYC. ( I only know this because I rented from her)Good luck with your research!

Hey BP, I have a client that just went under contract with a house that needs a new roof, some minor interior work, and a extensive landscaping.. they're looking for a GC ASAP that will be available to walk around with them on the property in Orlando (Azalea Park area) before they fly back home on Thursday.Account Closed, I know you're well connected, do you have any recommendations?

There are securities regimes in individual states, but this makes little sense for platforms operating at the national level.  

Purchase: $160,0003 bed, 1.5 bath in Fontana, Southern California1110 sq ft condoTwo Story Unit, patio gated with parking entry, new cabinets with granite counter tops, new stainless steel appliances, new paint, laminated wood flooring, new carpet, new bathroom vanity and toilets, new shower tub, new blinds.

@Ryan Keewelcome to the BP nation.

Honestly reading about the 2% rule or the knock out of the park success stories can actually discourage people from starting.

Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income           $92,880.00Less 5% Vacancy Rate              ($4,644.00)Gross Operating Income            $88,236.00Less Operating Expenses Taxes              ($15,179.00)Insurance        ($2,645.00)Water              ($2,400.00)Sewer/Trash   ($6,000.00) Mngmnt (7%)  ($6,176.52)---plan on self managing but need to allow for it Maintenance   ($4,411.80)Total Operating Expense           ($37,022.32)NOI                                             $51,213.68Cap Rate                                    18.6%Our lender does not want to allow us to use the full 20% from the seller.  

Hi Mike,BP Law is a national law firm that specializes in foreclosure and real estate.