For this property is a lead I found from rebogateway.

@Chad Urbshott - you're assuming that the senior lien position was being auctioned ...The note may have been sold and that leads to the assignment of mortgage.

I live in Manhattan, and have family in Philadelphia.Im a broker here in Manhattan and now I'm focusing on investing in Philadelphia.Please add me to your contact list of buyers for when you have a wholesale lead.

@Alan CoreyHi Alan.Let's say the property is worth 500 000$ at 95% occupancy based on its NOI and the cap rate.Therefore, the same property with 50% vacancy would cut the NOI by about half since you lose half of its revenus.Using the same cap rate for half of the NOI would lead you to a value of 250 000$.

Does that mean you haven't gotten any business the ways you marketed, or some of them did bring in a few leads/clients?

They are throwing the lead away anyway.

You got to boil down finding deals into a science.I started a forum series here on BP called The Science of Finding Deals.Here's Part 1 - the Importance of Lead PipelinesHere's Part 2 - Knowing Multiple Entry and Exit StrategiesLet me know how I can help.

I have a 3 unit in the Highland Square neighborhood of Akron which has external steps leading up to the 2nd and 3rd units.  

@Mussie T EstiphanosYou're in an unenviable position, as it's a tough place to be for starting out.The recent (and great) podcast with @James Wise would lead me to believe getting your real estate license could be a good start.

Hello Folks Heres the deal (no pun intended) i'm a realtor and every once a while a client walks into the office and is a tenant and their landlord has abandon the property. in this particular situation the landlord w...