(Buying for 247 as foreclosure, neighbor just sold for $380). 

The people who got burned 10 years ago got burned because they sold in a down market (or got foreclosed on). 

I personally like targeting stale listings, reaching out to owners who have been marketing their properties for 120+ days but have not sold them yet.

Another 4 unit a few miles away, in worse condition, sold for $337k, so I know theres some equity in this one already.

The funny part of the story is they hired a private eye and got the police looking for the bookkeeper, who was there when I installed the software so I know him by sight.

That low down-payment and rate is too enticing for us to simply start looking for private/hard money if there's another option out there. 

(That shows REAL dedication)A couple things. 1) If you sold the house how much $$$ would you walk with?

"Do you want to buy that at a garage sale being sold directly by the owner, or would you rather buy it in a store, sold by a salesman, backed by some kind of guarantee?

I'm in a situation where the home I moved into (about 16 months ago) was a new construction in a very new/empty part of the neighborhood, and the appraisal pretty much matched the purchase price... but since then, the neighborhood has filled with new homes with similar or worse specs that are being listed and sold for more than $10-20k+ above that appraisal.So my question then is: when a lender looks at LTV, do they calculate this based on the fair market value as of today, or would they need to use my original appraisal figure?

I owned a couple of properties in Nassau and recently sold them and purchased in Suffolk due to the higher taxes in Nassau.