The architect said it will take about 1-2 weeks to come back with some drawing and options to get the ball rolling.

Hi all, I'm a new investor looking for a deal to go in on with an existing business partner (bar business) of 10+years, my first and his second deal.I will be doing my own research on this but perhaps the forum could help get the ball rolling.

Get a snow ball going.Which metrics should investors focus on when applying the BRRR method on 2-4 residential properties?

In a hot market you can not make low ball offers when there is absolutely nothing to discount for.

If they keep wanting to low ball unreasonably, you have to decide whether they’re worth your time.

I know I originally got my RE license because Realtors were getting tired of me submitting "low-ball" offers that were almost always rejected.

He kept two of the units vacant for 3 years & it was so run down so we low balled it & got it.After 12 months we gave him the proverbial 30 day & he threatened us with legal action & because he had lived there so many years & had all his pets buried there he felt he was legally entitled to some acreage.  

When I had less experience I took on a few kids who wanted to be investors, but they just wanted me to put in low-ball offers that would never be accepted.

You also need to check with the utility companies and get cost estimates from them for availability, fees, hookup charges, transformer and power line/power pole locations or relocation requirements, water, sewer,gas, cable etc You will need ball park cost estimates from site work contractors for site work, roads, installation of utility lines etc.

Crystal ball anyone?