Adam Demchik, Multifamilies are around but the ones that are prices right for the current market need some rehab, everything else is going at retail prices.

The last property I sold retail I got three acceptable offers, all the same amount over asking price.

Around most of the country, an investor should expect to pay between $200-300 per fixture.In my experience, the $500-1000 is high, even for retail pricing, unless you're in California, NYC, etc.

That was for a retail sale from/to a private buyer/seller.For REOs, the fastest I've done is 2 weeks and for a short sale,it's about 3 weeks (rarely that fast though).

Personally, I think I can insure at 50-55% of replacement value, knowing that I can get the rehab work done for quite a bit less than the "retail" rates that the insurance adjuster will use to compute the amount paid on the claim.

You can easily buy these houses retail for under $80,000.

I've been watching the courthouse foreclosure auctions and they've been selling for full retail (at least what full retail was a few months ago) and the tax deed sales (selling for probably 75% of full retail).

The county foreclosure auctions have gotten even worse though with people are paying full retail on a lot of them.

Not to mention they could have a wide range of retail values.

The third has a retail business on the first floor and two second story apartments.