Our median price home is much lower than Austin.

It is typically lower than cash-on-cash and you can put it somewhere around 6% conservatively.

He said it kept the bank from having to execute the eviction process, it salvaged the owners credit by not having a foreclosure on it, and the buyer gets it a much lower cost, because of the leverage of the impending foreclosure.

This is lower than usual though.Not complaining, just find it interesting. 

Not sure if that’s because I’m lower in the pecking order or if they are telling all investors it will be the later date.I’m also concerned with the potential impact on building costs.  

@Robert Quiroz I’m seeing sellers who purchased at a lower price and either have low interest rates or little to no debt on their property.

Im hoping Pittsburgh has legs and can go for another great run over the next decade or so.

The rates will be lower and will allow you to maximize profits.

The higher the risk, the higher the cap rate, the lower the price.My advice to anyone who is getting started: buy something safe.

Use negotiation to lower the price from the “no go” asking price to a “go” lowerpurchase price.