The deal came through on a drip that I was getting from a local agent and I simply bid roughly 5% below asking and was able to negotiate a few concessions as well.

The deal came through on a drip that I was getting from a local agent and I simply bid roughly 5% below asking and was able to negotiate a few concessions as well.

check out this graph below.

@Michael ChiafulioDefinitely would not touch D class properties, would make little sense.You could go something like this (see my link below), which is in the Detroit market.You will get the cash flow but you will need to buy in the right locations and stick to SFHI am all about adding value, for me I would never be buying turnkey.

I'm currently paying $1800 a month for my apt which is below market rate. after using BP calculator, if I pay the asking price with 3.5% down, I will be paying $1300 a month toward my mortgage.That is $500 saving from my current rent,  Do you think it is a good idea for a first timer to invest this kind of large money? 

If any of below is screwed, the whole deal could fall apart or will not be as profitable as projected.You have to be good (or have team members who are good) at:Finding dealsAnalyzing the numbersNegotiating the dealRaising capitalInvestor relationsConstruction estimateConstruction managementPermit processRelationship with the city/town/village you're doing the developmentExit strategy definition and implementationSales and/or LeasingProperty management (if needed)I wouldn't start out as a developer.

Like with many professions and life itself not everyone is great and more often than not they are average to below average. 

Hey bp...Im fairly new to real estate and am seeking a bit of input.I am selling my primairy residence in Ca. and buying a primairy in Atlanta. I am currently in contract with a potential buyer for my Ca. property,  a...

I was browsing Zillow and I found what looks to be a great investment property for the area, from what I can tell about 50k below market and needs some updating, but in the description it talks about the pool needing repair.

We have been interested in buying at auctions because it's a good way to acquire properties below market value.