A retail strip center and a multifamily complex in Houston.

We determine the retail value of an auction property that is flipped as-is with little to no renovation and divide the retail value by 1.5.

If you have RE investing experience and understand the business you'll be able to identify when an agent is offering you a deal vs. just retail deals.It is possible to buy off the MLS.

Apartments, shopping centers, retail stores, etc.

, but this house is gorgeous, in a great area, and the asking price would be a great discount for a retail buyer.

But in that instance I'd want to see that there is some fair volume of retail O/O sales activity in the area supporting the valuation as another exit option.

One bank recently sent me the following opportunity:- Single blanket note backed by 32 condos units in major metro Texas- 90% occupied; avg $700 monthly rent/unit- Current full retail appraisal $1.4m (bulk appraisal $900K)- Interest, fees and delinquent property tax $170K- NOI $1.47m; 10% cap rate- Unpaid balance $1.165m- Asking $1.2mTo me, this doesn't look like a good deal given (a) the fact the note is backed by condos which some investors consider to be a risky investment (b) there is such a slim LTV margin, especially if one assumes that the appraisal is overstated and (c) if one were to decide to foreclose on the properties, the numbers just don't work.Since I know very little about notes I realize I may be looking at this through the wrong lenses so I'd appreciate any comments/input from BP seasoned notes experts!

They signed a 24 month lease for $1300 a month.Normally I wouldn't even consider paying anywhere near retail but it this case, if he would finance 100% of the price for 20 or 30 years at say 2% the cash flow would be from $350-$500.It is my belief that I can give him his price if he is willing to accept my terms but my partner is hung up on the price.What do you think?

I'll ONLY be listing houses for retail clients and working directly with investors.

Retail buyers rely on financing that may or may not happen.