In my market (phoenix), in some price ranges, in some neighborhoods, pricing was irrationally low, and it generated some amazing deals, and garnered a lot of press a little after the music stopped.

Paul S. one important issue is getting to know the neighborhood.

Any dollar figure is too misleading and no average will really help because each case is so different based on size, condition, neighborhood, etc.

One lowball transaction will not affect the neighborhood much, appraisers are pretty used to seeing them pop up and can adjust for them.

A lot will depend on the location and thus your market. 7 bedrooms in an upscale neighborhood, particularly if it has at least 3-4 bedrooms is money in the bank, sold or rented.

. $2,200,000-acquisition priceretail neighborhood center-Property type $187,854-NOI$1,430,000-Loan amount5.5%-Loan interest rate8.54%-CAP rateWith a taxable income, post loan payment, per taxation of $81,683 and a down payment of $770,000 provides your buyer a cash on cash return of 9.42%$770,000/$81,683=9.42%Through leverage you can see that the buyer can realize a higher rate of return.

I now feel confident in pricing, which neighborhoods will sell, land available, what types of projects we want to develop, etc.

I decided long ago that I want single family homes in B & C class neighborhoods that are sustaining or growing in population.I come across a lot of investors at my meetings that are encouraging me to invest in Cleveland multifamily homes because the cash flow is so amazing.As mentioned in previous posts - I have a business that provides me with 6 figures + right and growing - so cash flow is not a problem.

Today I accomplished another of my 5 neighborhoods to add to my list.

They all comp differently...Put VERY simply:Urban areas, you want to try and stay within 1/4 mile and/or same neighborhood/subdivision.Suburbs, you want to stay within the same subdv/neighborhood, sometimes this can be more than a 1/2 mile radius if it's a bigger sbdv.