Hi,I wanted to see if anyone can review the deal that I just got under agreement and give me some advice and thoughts on it.28 units25 currently rented1 master lease space for laundry room fit outAsking price was 1.6Under agreement for 1.5 with seller holding 100K interst only for 4 yrs. at prime +1 (8.25%)50K downRecent comps in the area support the 1.6 million, however I was told that appraisers will often use the agreement price for the appraisal number instead of the supporting comp numbers.

I think both Mike and Eric are a little right...Real Estate Investing has so many languages that we all can have an opinion and each one of us be correct.When a seller calls me and they re upside down or in "fantasy" land I let them know on the telephone...however I don’t educate the seller about my buying techniques on the phone.If you sense they are a Short Sale candidate ask them if they have spoken to their lender about a short sale. 6 months ago the general public didn’t know what that term meant now almost everyone who is upside down and behind in payments does.I like asking if they have spoken to their lender over asking them if they would consider a short sale...

Especially since a good chunk of it is public domain info.

With a degree in journalism � and a 30-year career as a reporter and editor, plus public relations, advertising, marketing and more � I decided to get a real job when I grew up.

Find the proper location where you can get the proper permits and approvals, and lease the space.

There is more then enough space there to put any information that you want to share.Give it a try.

I would like to preface with a thank you for the patience of anyone who might be reading this.I am a 1st time buyer, and am interested in a house that will be sold at the public trustee's auction very soon.

Public records can be useful in some locations.You need to also get out and look at your farm area.

The location is premium, space is adequate.

You may also be able to get your local newspaper to do a public interest type article which will give you free publicity.Good Luck,Mike