My suggestion is that you contract it for far below the list price because when you turn around to flip it off to another investor they are going to figure out pretty quick what that list price is.

If you're a realtor in Houston and have deals that are typically under 100K purchase price, please comment below with your email so I can send you mine to add to your list.

If the rents in a particular city are below the US average rents for that specific property type what does that mean?

The quick finances are below.$279k - purchase$107k - reno$640k - current value$400k - amount of loan wanted

I would try and get each property 30k - 70 k below what I truly believe it is worth.

I still haven't refinanced it, but certainly will consider it if rates dip below 5%.Closing and borrowing costs stink, but missing a huge opportunity because your cash is sunk is worse. 

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

I like how you can customize this aspect of the instant book, it allows you to filter people out.

We just put a 4 unit park under contract yesterday, but it is in GREAT condition and the rents are about 100 below market value per trailer.

If you're looking to reduce the utilities only low flow faucets and shower headsdual flush toiletslower the temp on the water heater.Make sure the HVAC filter is changed monthlyPreset thermostat.