Dive me a call.

I am finally diving in. 

I’m diving in deep.

@Aron.H thanks for the breakdown this is exactly what i was looking for this is a great example and not just for me, very much appreciated id like to dive a little deeper 1. is that the average cap-x for apartments with HOA what would 2. what is the average vacancy and i dont think i would pay much more than 10-12% on management being this is one of my 1st deals. 3 lets call it 4.5% im thinking it would be 135k on ARV with a mediocre rehab but if i make this place nicer than the rest of the comps in the area i have seen some go for 175k  (i need to do more research on how to calcuate a reliable ARV) if anyone has a #quick       tip on that would much appreciated thanks. 4. i agree maybe burrr isnt the best stratagey to use maybe would better qualify for a fix and flip on a w202 LOAN?

I usually get "whiffs" of some inconsistencies in the information they've provided that compels me to dig deeper to find the skeletons before I even get to the check.Check social media and do boolean searches with their name in quotes followed by their city of residence and follow where it leads. 

Every market has its nuances there and I think a deeper dive into that by discussing with more local investors would be helpful.  

With active patience, networking, good number crunching and just diving in, I'm more confident now that more first deal is around the corner :) 

While I can understand why those folks didn't question it, it was common practice after all, it does go to show why someone should always look deeper when something looks too good to be true. 

Hi Devante,Without doing a deep dive, I'd say that $64 cash flow is a dangerously small amount.

These numbers come from the book The Richest Man in Babylon, so that may greatly change in today's world, that's something I still need to look deeper into.