Maybe I was too ambitious by expecting to get a solid property in a solid area for $100k below assessment with no competition... but man, I am going to have to up my game! 

@Amber WelschWe financed a project where the borrower retrofitted a property with two very large (8,000 square feet each) houses in a exurban area into luxury room rental, each with a large bedroom and attached private living room.

I had a retail deal and bank had an appraisal of $10,420,000, looking at P&L from 6 months earlier on the subject the NOI was $300k, looking at rent roll of a month in August the income was $105k with 35% vacancy, asked the asset manager how did the come up with $10,420,000 and he said based on that month rent whats renting in the market not considering this is a stressed property and wanting around 80% off that amount which did not even make sense what so ever.

I seen software being used from pace morby but I forgot the name of it, it basically showed you all the rents, home prices, etc in the area. 

I just launched an app that helps real estate investors find homes in their area.

Solid area for sure but… IMO I wouldn’t buy multifamily unless I’m buying for $25,000 - $30,000 a door.I’d rather stay sleeping in bed haha@Ryan Pyle is the Godfather of Toledo multifamily investing and a top bloke 👍Mate, I know you manage multifamily Happy to make intro if interested I know you are more patient and reasonable than me and maybe can talk some sense into people hahaI’m too hot headed as you know and am just looking to get my first ever misdemeanor hahaha 🙏

@Bubba McCantsWe have clients in the Reno Tahoe, NV area that are taking a bit of hit on the cash flow because of the above average appreciation growth boosted by tech jobs and people moving from CA.

@Heather Hall your title rep or customer service rep can pull all the recorded FHA and VA loans recorded 2020-2021 when rates were under 3% Be super careful with the VA's they are a protected class in 9 out of 10 cases and recent overturn in VA mods indicates those in trouble will end up in court. 

I can help with the North MS area but we do not invest in the Jackson area.

In general ground up ADU additions in SF zoned areas cost significantly more than they will appraise for.