It is not uncommon to shift payments, not appropriately categorize payments and flat out miss recording expenses.I will be scrutinizing the maintenance and repair history very closely as well as using several inspectors to go through the building.I have found good financing and yes the Cap rate will be about 9%.

We see a lot of price cuts right now...you'll see articles that say 50% of the homes on market have had price reductions, but most agents seem to agree that is because people were overpricing very optimistically after market had shifted...we try to tell the sellers where the market is today, but they often have in their mind what their neighbor and friend sold for 6 months ago when we would get 20-30 offers with $100,000 over asking...and all kinds of other buyer concessions...appraisal waivers and buyers picking up most or all of the seller's closing costs.   

I would not be quick to say the market has shifted though...

I'm just on the brink of needed to shift into that growth stage and professional platform so thank you!

Maybe you goals are have shifted as well??

Here's the thing you got to go interview some brokers and on this form is knocking to give you great advice I don't thinkThere's two kinds of brokers that I know of, the first type is a 50-50 split and they pay for training and I like Keller Williams read their books on Amazon millionaire real estate investor, millionaire real estate agent, and shift are great booksThere are other types of brokers that will cost very little per deal but you need to go find them small brokers that will charge a small amount of money or a flat fee per dealThe best place to start is your REIA president and ask him if you do get a license who's the best realtor broker to hang your license with if you're fixing and flipping

LOL.. of course we were not that great at it.But then I got the idea ( and we turned what I thought was a white elephant into a nice project) I had just bought my Hanger at Aurora state airport  and it was a condo.. so I thought hey all those folks in the floating homes.. they will never have storage.. so I put a condo plat on our storage took about a year and maybe 50k it was actually easier than I thought it would be. .. created 44 storage condo's.. now we have all seen the big storage condo's were folks with 2 million dollar motor homes store their stuff or small business shops.. but this was somewhat unique I thought to have 200 sq ft storage condo's well they were quite popular and we sold them all on long term contracts.. so now we shifted the burden of running the joint to the owners created an HOA let them self manage etc.. then we turned the top 7k sq ft into heated storage.. and sold that off ...

I’ve been looking at $2-3 MILL homes in Paradise Valley and the annual taxes are under 10k/yr.With all of that being said, I have shifted my focus to AZ for both real estate investing and sales.

@Aaron Sizemore,To make the @ work, do the following:Hold down the shift key and type @?

I live in Charleston but have shifted focus to Savannah since there are still deals under 150k.