Paying $130K for $935 a month in rents is not going to generate any cash flow unless you have a lot of cash sunk into the deal.

The rents can generate 4k a month but the seller needs 45k to come current on the loan.

I find it a much better source of leads for properties that are bank-owned or distressed in some manner.

Vacant two story home and a seller who MAY be ready to sell.

I have not approached her, because I know her house needs a lot of work and I do not know how to come up with a sensible total for repairs, which means I ...

As such, price for fixerupper properties have dropped to lows not seen in a generation".I'm guessing this house is south of E Edenton, between Blount and East Streets... or in the E Jones/Edenton area (Idlewild) area.

That question was leading up to this...As an "investor-friendly realtor", would you run comps for a newbie investor without POF, if you "know" they'll list with you when ready for resale?

They provide a service where they sell the leads that they "farm" to other investors.

Water at 125 per building sounds very cheap and understated.I can tell you when the landlord pays the water bill tenants take LONG showers,do not report leaks (running commodes,bathtubs dripping,washer leaks,etc.) and they let others was cars and use their washer dryer for clothes.125 by 4 is 31.25 a unit for water each month.I would demand the actual water bills for proof for the past year.If it's built in 1971 what about the lead based paint EPA renovation rules??

But, that was his last post here, leading me to believe that either he was a shill from the beginning or he wasn't a shill, but never actually did any REI deals after he spent the $10,000.Either way, it doesn't say much about the training...Btw, I know someone who used to teach the training, and I know exactly what RDPD REI training is about...long story short, it's not going to be worth the money...

We get decent traffic there, but keep in mind about 75% of the leads are just looking to rent.