running and self managing rentals is a JOB regardless of PM or not.. why folks think these properties are just put on auto pilot I will never know.. being a passive investor in a syndication what most are looking for in the way of NOT having a JOB.. the syndicator has the JOB his job or her JOB is to keep the ball rolling and manage the asset.

Hello folks,No one has a crystal ball (ask those who lost their undies in 2008) but I would recommend to focus in an area you know and/or want to specialize in.

I know that wholesaleing you pretty much low ball the owner on the offer but by how much?

I know the challenge is finding something that you can do well enough on to keep rolling, without taking on too much risk - however my concern would be if you have not taken an active role in managing a project of this scale - as your first go of it - you have a lot of uncertainty related to both the use of your time, and ensuring that your 70k point estimate is in the ball park.  

Hi Michinori,I assumed that I need to make my percentages a decimals to covert it into a percentage, I've fixed this now, I see now I've low balled the repair cost due to the fact I assume that the place was move in ready and would just need cleaning of sorts. 

My process takes time, but I love the idea of infinite ROI, market swing insulation and having a goose that lays golden eggs forever.

How do I get that ball rolling?

I know that the BP podcast talks about making lots of offers, but I sometimes question why people make these crazy low ball offers.

I’m eager to get the ball rolling for myself in this business.

I would just ignore it. ya my initial reaction was BS  either someone flat out lying or they are teaching this at the tarek class's as a way to get your low balls seriously looked at. same thing as wholesalers who have a cash buyer partner when in fact they have no partner LOL.. its all just BS