Sure you can hold out for loans that you can discount deeply to drive up your yield but just like with real property, while you hold out for a 20% return, there is a guy who will take a 15% and for the record, institutional capital will take an 8% for the same risk most want double digits for.

That drives me crazy!

@Gavin Estenssoro - you can always drive by the property and get a good sense of the neighborhood and its condition from the outside.

I'd be looking for at least 15% CoC and $100 monthly cash flow.You should be able to drive that interest rate down a bit as well.

According to our last AZREI meeting, their crazy extensive data shows that we have had and continue to have the highest and fastest growth, appreciation and rent rates in the nation - stable for years.

At this point he's really doing you a favor by driving around for free showing you houses with no idea if you'll be like the 10 other guys that contacted him without ever buying anything.

States with non-judicial foreclosure processes have had remarkable success in clearing out the inventory of distressed properties, which is one of the factors driving the housing rebound in states like California and Arizona."

Drive for dollars.

This is a town of 150k slight pop growth.

Supplier is in Dalton, so add $75 to have it delivered or plan to drive up to pick it up.So, about $9/sy (or $1 per square foot), which includes labor and materials.