One land deal I am working on the lot where appraised at 75k during development true market now is 60 to 62k and the bank was willing to take 42k.

Thanks to all of you for confirming what we believe to be true.

Obviously that takes some shopping, but these deals are out there in this market.

IMO, anyway.Now the true cash buyers of the world....well I would guess those folks are sitting real pretty right now.

To say that most low and middle income tenants have terrible credit simply is not true.

That was the starting move, and no telling whether they would go down more or not.He bought from a local shop and showed them a print-out of what he could order it for on-line, and they came down about $800 in their price in order to make the sale to him.I buy refrigerators from that store, and I go in and tell them what price Lowe's has on that size fridge, and they will match it, often coming down a couple hundred dollars from the posted price.

Well, it’s true and the person who talks the most usually loses too.

Yes, true, good point Wheatie.Bubba, as a backup for you, and if it's not too late, put a provision in the contract that says "seller to provide pro rated rent amount for said property at closing".

- Where- How much down- Monthly payment- Credit score- etc.Now you have a shopping list to go and find the property that fits.

Because you are doing calculations on the Total amount of money invested into the property itself and want to determine it's true cap-rate.The Cap-Rate is the amount of money you earn each year on the total amount of money invested into each investment.2.