Although wholesaling does require a bit of money to operate, when you get the ball rolling you can generate a lot of income.

Some low-ball offers, some just below what I owe, and one that will net me about $5K...And that's the one I find myself questioning.

Not so even a few blocks north in Pacoima, though.Cap rate is really only relative to the market you're dealing in (unless you plan to purchase unlevered).Knowing your market cap is similar to knowing that a bread and butter 3+2 in a certain area is worth X amount of dollars; you can ball park a value based on the market but it's still subject to condition, location, and any other factors.When wholesaling apartments you can make a very sizable fee by tying up a deal for a few tenths of a cap rate below market and then flipping it with a complete due diligence package.

She always know the answer, than if I wish, we submit a low ball contract and go on.

I believe that is resale value but shouldn't resell value and appraised value be generally in the same ball park?

I will pick up the ball and run with it!

They come in Soft/Warm White, Bright/Cool White, Natural/Daylight color temperatures.

How many times do we get an appraisal back and they are using the wrong vacancy rate or low balling the rent.Mark

See the house whenever you want. dont have to wait for realtor3. freedom to slingshot low ball offers all over the place hoping one sticks4. get to save money listing your own houses5.

Also in my opinion you have a better chance of making low ball offers on bank owned properties when the property has been sitting on the market for a while.