Need $25k repairs (estimate) and ARV is about $260k.According to 70% rule.. my offer should be ($260k x70%) - $25k rehab = $157k.Again.. the offer seems WAY too low.. and there is no way me (or my agent) should waste time putting together an offer.What am I doing wrong here?

The more you borrow, the higher the returns but the greater the risk.A 50% mortgage would provide far better returns than paying all cash and it's extremely low risk.

I would also increase your vacancy, capex and repairs # at the minimum as they are very low.

Code requires you to have an ancillary heat source - ours typically fire during 2-3 weeks in the dead of winter when overnight lows get down below -30C and the daytime highs do not climb above -20C.

Even if my finders fee are low.

we are seeing prices peak in the Portland market the big run up has happened.. but sales are still brisk and your right low end is still on fire.. my wife put a 250k condo in escrow yesterday.. but we were lamenting it took 30 days to get it sold instead of 30 seconds..

He built them with low maintenance materials and just recently refurbished 1 of the duplex buildings with a new 40 year metal roof, new water heaters, refrigerators, dishwashers, stoves and AC units.The 2nd duplex still needs to be refurbished but is currently rented, so this gives the option of forced appreciation.

All of the language I read on the IRS website mentions that redemption requires the IRS to pay a purchaser at auction back their purchase price, but I can find no info on if the property is transferred to someone else before redemption.Any help GREATLY appreciated, as the current plan is to transfer to the LLC ASAP.I know the likelihood of an IRS redemption is very low, but I still want to plan for that possibility.House is located in Southern California, if that matters.

If the goal here is just to acquire one property every year or two I would think that a relatively smaller campaign with a low response rate would have a good chance of achieving that goal.

I keep my number of guests low to try and keep the headaches and bad reviews to a minimum.