I missed the 115, I saw a beginning of 80, so no, it may be up in the 60s, don't forget your costs buying and selling and of foreclosure.Do your own due diligence as to market value, many of these are sold over priced so you can't really judge the value based on what is owed on an installment deal or its sale price.A contract for deed puts you in a position to deliver title, you buy the obligation along with the property, buying subject to the CFD.

If the mortgage being delivered to Fannie Mae is secured by the borrower’s principal residence, there are no limitations on the number of properties that the borrower can currently be financing.

Come 2016, demand will likely soften, given a huge number of new apartment projects that are to be delivered in the next few years.For investors interested in the multifamily space this means that there should be more emphasis where multifamily acquisitions/development should be taking place, with a focus on a more desirable neighborhoods, such as Federal Hill, Fells Point, Upper Fells Point, etc., areas that are likely to be more resilient to rent reductions once the city will become more saturated with apartments in the market.As far as heated cap rates go, I agree, they've fallen A LOT in the last 18 months alone, so it makes it that much more important to be prudent in your underwriting.

@Bobby BeardAsk the mailmanor around here the mailman requires that the people's name, at least their last name must appear on the mailbox, if their name is not on the mailbox, they won't deliver the mail.

Contractor can write a properly formatted competent estimate, has a proven track record of completed projects (especially: for Full / Standard 203k) finally one of the most critical pieces everyone always overlooks, they must have the financial resources to carry and deliver a project in a timely manner.  

Their 'coaching' is probably the biggest issue I have with them, what was delivered was drastically different than what they communicated they would deliver. 

With mine, my original contractor fell off, and I panicked, but very fortunately ended up with the best one in the county.According to their renovation guidelines, "Lenders must obtain special approval from Fannie Mae to deliver this type of mortgage to Fannie Mae."

Since when does anyone ever deliver uncut granite for a kitchen countertop to a site?

For instance the value I bring when I list commercial property is my vast connections and resources to QUALIFIED buyers ready to buy property.Having said that the buyers are not flakes overpromising and under delivering on giving the seller an inflated price.

If you are interested in this asset, I would order a report and make sure you ask them to deliver a chain of title back to the previous owner so you see ALL of this owner's title.