I like the prospects in Eastwood, decent neighborhood overall with a variety of 2-4 family properties at a variety of price points and property conditions.

The only way I would no it again would be to have one of my crew pull the permits as a general contractor.

You have to be smart about your expectations and not expect them to do hundreds of comps for you without you providing some listing leads.Keep the door open for this possibility by avoiding negative talk about realtors and commissions when you are working with your prospect.

Hello BP,What would you guys do if you don't have any recent comps (6 months to 1 yr back) available in the nearby area of a prospect property?

We have our permit in for review and are prepared for either outcome. 1.

Who looks the prospective new tenant in the eye and asks them why they are leaving the place where they live now?

I had bought some of Mike Ferry's material on prospecting for listing.

Is the permit in his name ?

The properties in the better parts of town seem to go up in price quickly, they're not giving anything away for sure.Also, while I'm a firm believer in always pulling permits for my projects, unlike some of us who will renovate entire buildings without pulling a single permit (I think it helps me sleep better at night!)

I was curious if anyone uses a range of estimates for expenses to estimate potential profit, rather than strictly 50% - either while they are prospecting, or after purchase..