TeamI met a Real Estate Broker recently from one of the renowned real estate companies here in CA.

Because if you are honest, and not misleading then the seller will figure out who to deal with.P.s.

Figure out what the house is worth to you.

I figure now until I am out of Grad school wholesalling is the way to go.

Here's another spin on the numbers you've reported in your original post - Gross Potential Income Rent: $325 x 24 Units = $7800 Utility Income: $48 x 24 units = $1152 Less Vacancy (7%) = (627) Gross Income: $8325Expenses, monthly: $4083 (from the annual expense figure you were given)Net Operating Income: $4242Debt Service: $4112(I happened to have a very good friend who's a multifamily loan officer in Dallas, and asked him this afternoon in a call what rates are available right now for a multifamily deal this small - he gave me 5.81%, 30 year amortization, 5 year call.

I will be having lunch in Lisle this Thursday with a bunch of other investors so figured I would ask!

Well, I've tried reading these two posts several times to figure out what they're saying.I think YSP is saying that Saddam Hussein bought oil and paid in euros.

I have already "met" some of you because I have been reading for a while (and learned TONS) but saw that new readers should post here so I figured why not.

As long as there is no damage, then you can't really say much about how they live..I dunno..I agree that a woman not married with 7 kids makes bad choices, and I hate to say this, but I figured, she may never get a job, as how could she afford day care.

I am interested in purchasing REO property in the area, and im trying to figure out where to start.How does one go about getting the jump on one of these kinds of deals?