The sellers I have spoken to so far do not seem to have an urgent need to sell, but I have gotten some good practice using my phone scripts.

In the real estate business it is called a Broker's Price Opinion or BPO or if you want the most accurate market value you would need an appraisal which is not practical for these purposes.

Hello Dawn,Those are excellent ideas.I have been practicing crunching numbers for the 50% rule.

Joseph L. if you're planning on raising rent by 13% with next to no improvements, your 10% vacancy is about to skyrocket....And depending on your location, an increase by that amount may be prohibited.

Lending practices could change - so be sure to have multiple exit strategies.

.-- Have you personally and thoroughly inspected each property and then made a detailed list of all the repairs and improvements you feel is necessary.-- Have you put numbers to the costs, delays, and holding costs?

If you are looking for practical application knowledge you must also listen to the BP podcasts.

Brad Gordner a Master Lease Option for a multi is when you can get a property poorly managed and guarantee the NOI, then fix the rents and improve the services, thus make cash flow without buying.

This is my first post on this forum, my name is Melvin I want to get back in the investing in real estate business. I have done a few deals years ago but stopped for big problems ie: divorce that was out of my control...

Also, the $126 light on top of my building is rented by a large bank; that has recently had a motivation to improve the surrounding area.