Like I've said before, in todays market I haven't seen an accurately underwritten market deal that you nets $400+/month.

And not all of these services are created equal, as you never know how accurate or up-to-date their databases are.

The properties I was sent not only didn't meet my criteria, but I found out they were actually recently expired MLS listings that had been marked up ~$15k from their previous list price that they failed to sell for, and the comps they sent were not even close to being accurate, so it all seemed very shady actually. 

Turnkey rental is more passive then rehabbing and flipping, residual is more accurate. 

His numbers he gave me seem fairly accurate and of course my numbers are giving me a cushion because I always feel a safety net is important.He has a property listed for 155k, I had someone go and inspect the house with me, and while I was in the attic checking the roof out for leaks the person I had with me asked pricing and the wholesaler said 151k is as low as he could go.

Hi everyone, throughout my research I consistently come across those who preach the 50% rule. Does this rule hold true for multifamily homes in Chicago or is this ultraconservative due to the high rents? When I have f...

Needs some work to 3 of the vacant apartments. right now rents are 4500 per month fully rented 6500K per the owner this is accurate. 5 units are 2 bed rooms, the other 5 are 3 bedrooms.

Needs some work to 3 of the vacant apartments. right now rents are 4500 per month fully rented 6500K per the owner this is accurate. 5 units are 2 bed rooms, the other 5 are 3 bedrooms.

I find McAllen attractive because I just like areas with warmer climate, are with new developments streets and new homes (kinda reminds me of parts of CA and Nevada in the earlier days because it got too expensive), large population growth in the foreseeable future, city in a business friendly state in general, surprisingly good school ratings (not sure how accurate this info is though), and not widely known yet compared to other cities.Being from out of state, which area in this city has the highest potential for rental appreciation?

@Joe PeaFile an accurate return.Inflating a return so you qualify for more mortgages is mortgage fraud.