There is a new Charter school and playground and a neighborhood garden as well.This lady is obviously no dummy and has called numerous people she found on the internet including Homevestors and got offers ranging from $15K to a high of $27,500 for the property. a RE agent told her $30K to $40K.I looked at the house and talked to the guy next door who is building a new house and to me it was a tear down and rebuild proposition and no possibility of wholesaling because of all the folks she got involved.

I have analayzed that business and while the demand is strong the returns and time involved from my perspective are a losing proposition.

We can help we offer [insert your value proposition].Lower your viewpoint to the people you are marketing to.

Here's what I came up with.Price: 390000Downpayment (3.5%): 13650Closing Costs: 3000Total cash invested: 16650Gross Income: 40080Less expenses: 20040NOI: 20040Less debt service (30 yrs at 3.5%): 20280Cash flow: -240/yr (-1.44% COC)When you include the mortgage paydown - 7223 the first year - the total return becomes 6983, or 41.9%, though with that cash being inaccessible, this a VERY long term proposition when talking about that return.All of that said, there are some things working in your favor here.1) Your property taxes are very low compared to many other parts of the country.2) It's a new construction - so while there will still be capital expenses, some of the big ticket items such as roof, AC, hot water heater and such are unlikely to need replacing for some time.3) You are managing the property yourself*.With all of that in mind, you could probably assume 40% for expenses fairly safely.

Correct me if I am wrong but I feel like for this investment to be worth my while, I need to get the a lower price and interest rate. ..."1% rule" = purchase price of 100 times monthly rent; 180 times is like a 0.56% and that is a recipe for disaster.Depending on the rent you gross, 1% rule properties may be a break-even or losing proposition in the long run, especially if you are financing the acquisition.

All,I would like to make a proposition to anyone in Denver Metro, the Front Range, or Colorado in general.

Here's a summary of his deal proposition, with my SDIRA money.

I have always wanted to get into real estate and possibly have my wife on board with this proposition but need to move quick.

One of our value propositions to owners is we do not "nickel and dime" and are always looking out for the best of our clients.

Hey BiggerPockets,Have been doing some research into my home state of Ohio for a little while now and I'm pretty sold on the value proposition of investing in Ohio.