I know next to nothing about commercial investing as I only buy multifamily residential.

We purchased a list of pre-foreclosures in a 5 mile radius which included a column that shows equity. Almost half of the houses have equity less than 100 percent all the way down to -68 percent. My question is whet...

I only have $125 saved up so far.I also noticed this posting has become sticky.

I only been to one networking event and basically I found other wholesalers.

The current deal I am evaluating looks like this:2 X 4 family units next door to each otherAsking price $289,000 eachOffer $250,000 eachRent is currently $550/month resulting in a conservative cash flow of NEGATIVE $4,500/monthUnits are out of date but in good shape.

Definitely speak to a pro about this one before acting on it.Not trying to be a negative Nancy, just being open since you did ask for opinions.Regardless, report back with whatever you decide to do.Best of luck!

@Glen Caton Get over you negative attitude.YOU ARE YOUNG!!!

They often are eyesores and create a negative image where they are located.

I am curious about the need for a property manager in these situations as the tenant would also have equity to protect...would that negate the need for professional management?

My current strategy is to buy more houses to make up for the negative ROI but it really sucks to have two properties making you no money.I need a brilliant Idea to turn this around since I have run out of them