I know that down payment doesn't really add up to me because even the 5bd/3bth new constructions are going for ~615k, which even if he was putting 20% down as an owner occupant, that'd be something like $123k for a down payment...He wants a cash sale of the house to make this seamless.

I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.The issue is in the listing description the agent said the building could have rent growth potential based on the rising rent prices in the area which she said would bring the property to a 6.6 capNow my question is why would I buy a property for 2.5 million when with this new expected cap rate the property would tank to just under 2 millionNOI is roughly 132,000 and most units are in pretty good shapeAnother note is the average cap rate in the area the property is located in is a 6.4 cap

Create a community about how you will change their life or lifestyle.As someone once told me:in absence of a product, an idea will usually be sold; when the idea is lacking, a lifestyle is pushed.

I'm sure the failure rate is similar to real estate sales (~90%). 

I see lots of agents and wholesalers pushing this product that simply does not deliver.

Purchase price: $41,725 Cash invested: $4,500 Sale price: $82,500 Buy & Hold.

It relied heavily on that industry, so when handcrafted furniture fell out of favor during to mass production people started leaving and it hasn't quite found it's new calling. 

If its just spec we usually take about 5 months.. production buys bang them out in  3 to 4 months but build quality is apples and oranges my product to theirs.

Bring me short sales and owners trying to avoid foreclosures, owners needing post occupancy….additionally please reach out to me if you’re holding notes in default you need off the books!!!!

I’m in the Detroit market, and I see a lot of properties for sale with existing sec 8 tenants on place.Thanks..