Unless you are dealing with true cash buyers who have plenty of it you need to ensure that the deals will fit the financing criteria.

Sounds to good to be true!

Thanks Ali (and i'm very wary of making something look too good to be true)...have already reached out to listing agent to get utilities, water, sewer, etc. and have researched taxes on the town treasury website.

After 7 years we sold it for a nice profit & that broker still sends us xmas cards.

Post cards?

Both lists can be a good source of leads; but as always, consistent mailing over a long period of time and quality of letters and post cards are important.

I've got my own business cards, paper ads, bandit signs, car magnets, and direct mail campaign running, so I how would I separate when I am working for myself, or when I am working for the real estate company?

I also ran across several articles after 2003 where he says it's true.

@Jeffrey Charter It's true that given a fixed amount of NOI, the higher the cap rate the lower the price but from our perspective price does not equal value.

And that argument is most often true, so you get better cash flow and have more money leftover to hopefully buy a second cheap property.That being said, there is no right or wrong answer.