Just relocated from the Bay Area to the Philadelphia market, working for a real estate developer in Land Acquisition.

Purchase price: $470,000 Sale price: $470,000 •Offered at $470K•Market Value $648,206•Median Sale Price $540K•Ready To RentIf you're in search of a #turnkey #updated rental property search no more!

The tenants weren't particularly clean, their rents were about 30% below market, and they had a bunch of cats.

The cap rate can help you to do an apples-to-apples comparison in your market.

I am a finance guy but unfortunately my education is not adapted to the US real estate market and I am little bid confused.Goal:Buy a 2-3 family house to do a small rehab and rent afterward. 

But I know that I've never seen a property sell at auction in our market that was any where near enough of a deal to really whole saleAlso- you're buying the house outright with cash, IF you found a killer deal then I think you'd actually have to close then re-sell to an investor.

I did check out the Market Maker feature though, and I feel like it's somewhat OK.

In other words, the expense saving was rather certain but our chances of recovery on the PG seemed slim.We completed the deed in lieu over the summer and began marketing the properties immediately.

Thats to give you some idea of where things line up for where you are at compared to where the market is.

I had just bought an off market property to flip but didn't have a regular agent I worked with yet.