Proponents of cash buying conveniently ignore the value of cash to artificially inflate their profits but the reality is that paying down a property does not increase cash flow it reduces cash flow if you are realistic about the value of money.

I know about the 70% rule of thumb for fixers but not sure how to come up with a realistic investor-level offer for this kind of houses, the ones that need little-to-no work.I could treat it like a 'fixer" but with less cost or repairs, so I was thinking in offering about 70% of the market price, but in my newbies eyes, that's a hell of a discount.Asking price: $340K70% Offer: $241KComps:- Similar unit in the same building: $353K- Similar units in another building closer to the water: $345K & $375KAny guidance is appreciated!!

How realistic is the 2% rule?

That's the tacit agreement with every jeonse contract and the sole liability (realistically) that an investor like us faces.

Im looking for advise on how you experienced investor started out with your 1st property and how realistic can you scale this business in REI.

New Haven County has Metro North trains, though realistically most people from NH County are not commuting into NYC for work - though the train service is certainly a meaningful value-add for many prospective tenants.  

It is great seeingg that you have realistic goals.

Does this sound like a realistic and more importantly logical plan, or I do sound as ignorant as I feel?

What would be a realistic example of such a finders fee?

If I have to pay to have a mentor, then I would say that making reasonable and affordable payments would be realistic.