(my mentor/captin currently has a few rental properties, he's wholesaled, reahabbed and resold) so i planned to call the guy monday with the offer but i got little busy at work and and besides i was was hesitant anyway b/c i thought i screwed up and i just didn't think he would go that low. so this morning i had a meeting with a guy from realnet usa, they loan money to investers, buy/sell properties etc. and during the meeting the gentleman hands me a list of available properties he currently has on contract and lo and behold at the bottom of the list is the very property i vistied this weekend. they're selling for 52k with a 95k ARV with estimated rehab @ 15k. i didn't say anything i played it cool and finished the meeting, we exchange info and i went on my way. once i got outside i beat myself up pretty bad(mentally of course) for not going with my gut feeling but again i was hesitant b/c i've never done this before and that was actually my very 1st time meeting with a seller and feeling good about a particular property. all others i looked at did not seem good for me @ the time. i called my wife vented and got back to work and called my mentor/captin but havent talked to him yet. and even called the invester who originally showed me the property ( i didn't mention anything) i just gave him some info he requested and told him to keep calling me when he has properties available and he gave me one right away and asked could i go out to check it out. i guess i wrote all this to say first off i'm a little discourage, not enough to ever quit of course but enough to feel like a total moron and second.... i don't know i just would like some feedback. sorry for the long read guys and gals :violin: but i must admit i feel a tad bit better now. thanx!!

If you choose to break convention then they will still take the offer and present it.At some level I can not tell what experience you have so the advice is not very precise.

That became my big cash cow, from '78 to '01, when I did a 1031 exchange for 3 places in the Highland Lakes region of Texas.A couple of moves later I had two rentals in Houston that (barely) cash flowed, but we had red hot housing inflation.

The other is a 10 something exchange, they originally had it for sale for 369,000, but after no offers they cut the price 10k and now have it listed for 359k.

I'll give 30 away in exchange for feedback.The tutorial takes about 1-2 minutes to load on high speed internet; dialup will take too long.

We were doing a 1031 exchange from a long term rental.

I found one in Bellevue last year that I went to twice (found it on meetups.com) but it seemed very pitchy w/o a lot of good information being exchanged.

I would love to exchange my knowledge and also hopeful to learn a lot from all of you folks...Have a wonderful week..DP

Potentially 1031 exchanging into the next deal. 

Lauderdale where vacation rental owners and managers get together once a month at the VR property of one of our members to network, trade tips on best practices for hosting, and exchange info on which Miami and Ft Lauderdale neighborhoods are doing well on Airbnb.