The house has a mortgage of 50,000 (3 bed room , 1 and a half bathroom)Houses in that neighborhood are worth about 75,000 The house has about a ballpark of 20k in repair.

In most cases they already know you're an investor.I tell every seller I come in contact with that I'm NOT a NON PROFIT Organization and I do plan on making a profit.

Also like I said earlier try to purchase in neighborhoods that still have some type of value.

He is a pretty good whole seller about 3 to 4 deals monthly with 5 years experiencebut, i don't know if its the correct thing to use because when i run my numbers his MAOs are always much lower then my MAOs. now he also stated that the area matters the type of area matters the standard nice house in a nice neighborhood your formula would be ARV X 70%- repairs= MAO - Profit margin= cash offernice house in bad area ARV x 65%- repairs = MAONice house in WAR Zone ARV x 60%- repairs=MAO what do u thing about these?

If you tried to do a rezoning to higher density in my neighborhood, some folks would fight you tooth and toenail.

The bank wants $159,000 and the comps in the same neighborhood are ~$220-270,000.

I'm a relative RE beginner, and I have no interest or time to organize the meetings, but would be happy to participate.M

The property is in "Tear Down Condition" so I'm assuming I have to do something with it along those lines.The area is definately a lower income/value area ,but is somewhat close to a neighborhood of high priced homes.The lot will be something like $500-$1000 at maximum with a home on the location.

I saw a FSBO for a house in a really expensive neighborhood.

Their info will be listed in the Articles of Organization.