I dont feel I can generate adequate cash flow if I pay more than this.I've made a few all cash offers at about that 72 gross rent multiplier range over the last few months and have been shot down cold on every one.Here's an example of one. 130k; current market value after repair based on comps91k; this was my offer taking into acount cost to repair and valued at a 70 gross rent multiplier(1300x70)offer shot down cold, no counterHad I got this property at this price, I would have a property that meets my cash flow requirement(70 GRM) and has an instant 39k in equity if I wanted to turn around and sell it.I told myself I would not buy more property if it did not meet my cash flow requirement.

The local nature of real estate investment prevents any large firm from "dominating" the industry so to speak.

Metaphorically, the same argument can be used to justify homicide:"More people die from natural causes than has ever been caused by man killing man, so what's the big deal if a small percentage of death is caused by man..."

So naturally I was interested in checking it out.

:cool: When hyper inflation comes (if it does), the cost of that loaf of bread will be so enormous that even if all the government monies were transferred into the Social Security Trust Fund it would not be able to sustain even an adequate living for those on it.This will cause cutbacks so that the payments recieved by those who depend upon them will not sustain their life.

The cyclical nature of these "crises" shall continue indefinitely.

As others above have said, ask around and look around...Walk through other houses being sold in your area to get a feel for the types of cabinets (and colors) and the types of countertops (and colors) they are using.Luckily, if you stick with the most common stuff for the cabinets (natural wood finishes or darker cherry finishes) and the countertops (anything that looks like granite), you'll probably be alright.

Hi All, Still relatively new to the game and want to make sure that this is adequate for an exterior paint job.

I had a painter who did many upscale homes tell me that a room needs to be at least 20% as wide as it is long and have about 300 sq. ft, that's about a 15X20 room or larger and it also depends on how much natural light you have and what shade/color you're doing.

It just rubbed me wrong when a tenant thinks that you are going to be responsible for protecting their stuff during a natural disaster.