He said hd/lowes can sometimes beat him on the carpet + install initial price, but where they get you is the "Specialty Items" like tack strips and transitions that aren't included and are grossly overpriced.

If not - we will go into second stage negotiations to get a better price.Once we agree that the price is right - that is low enough to make an equity profit - we will than use my pro-active auction marketing system (one that I have used for over 20 years) to sell the property  - all cash in as is condition with NO contingencies with settlement in 30 days.We will advertise the property for sale for 3 weeks and than have a public auction - so as an example if we control the property for $100,000 and sell it for $120,000 - that means we make $20,000.How much do you make if we are successful in finding an assignee? 

I was in Butte looking at some low end properties to rehab. 6 plex for $100k?

Hi all, I've successfully completed a couple fix/flip projects to generate some cash I'd like to put towards a quality multi-family.  

Given the vague post, it's really hard to say.While I do work Riverside County and currently belong to the Estate Planning Counsel, I don't go out of my way to do business in the Palm Springs area because of the high price volatility during low economic times.

You are not going to purchase turnkey in the 50's in these areas.I am a big proponent of finding good houses in the low to mid 50's.

A pretty property with low equity should be the target.MLOs don't necessarily have to be a commercial property, just multi-family in my experience. 

The low inventory situation makes it harder to compete with cash buyers.  

Hello all,Very envious of of the low-priced houses in all these US cities.

However, your LTV is very low.