That is simply - RIDICULOUS!

Feel free to hit me with questions if you like :)Hal Cranmer - awesome reason to start a site...however if you don't have a lot of knowledge on building sites, and your main goal is simply to sell a single property, get on FSBO sites and list it everywhere for free. no reason to make it more complicated than it needs to be!

I have come to the conclusion I have no use for a Buyer's agent, I just dont need the hand holding, or the negativity.I will simply contact the Listing Agent for a showing, after having checked out the House and neighborhood on my own.I am guessing the Listing Agent will attempt to say this is against their "Code of Ethics" or some other crappy story.So, if anybody has experience with this concept , please post, and let me be wiser from your experience , and hep me smooth out my presentation to the Listing Agent .thank you for any and all comments.

It can be scary, but you're giving yourself the opportunity to be financially independent.I'm glad to hear that you're enjoying the site, and I hope we can help you to find success in the note business.Best, Josh

Ted, I was simply alerting some of the people on this post to be very careful proceeding with double close short sales.

Let us know the results of your LOI offer and if the seller counters or not.NEVER let the seller simply state to you, "make a new offer/LOI and resubmit" Tell them, "please send me a written counter offer"Sellers telling you to resubmit a btter offer are playing the game with you, turn it around and don't them them win that game.

I think the biggest problem would be coming up with the 20% needed to make these numbers work.Purchase Price:$2,350,000Property type: 72 unit ApartmentYear Built: 1970Rentable Area: 58,211 sq ftLot Size:: 124,823 sq ftCurrent Occupancy: 89.19%Purchase Price: $2,350,000Assignment Fee1: $100,000Cap Rate2: 10.77%Net Operating Income3: $253,078.29Pre-tax Cash-flow4: $102,986.01Earnest Money Deposit5: $21,500Down Payment: $470,000Loan Amount: $1,880,000Amortization Period: 30 yearsInterest Rate: 7%Mortgage: $12,507.69Loan To Value Ratio: 80%Debt Coverage Ratio: 1.5044Unit Mix: 24 1/1.5, 47 2/2, and 1 3/2Scenario A:You'll purchase the property at a 10.77% cap rate (based upon his actual numbers), DCR of 1.6862 (assuming you get financing at 80% LTV with 7% APR); and you should receive an annual pre-tax cash-flow of at least $102,986.Scenario B:You could increase your cap rate to 12.1%, your DCR to 1.8949, and the yield of your annual pre-tax cash-flow by nearly $32K simply by reducing your vacancies and collections (from nearly 11%) to 5% of the gross rents (which is the norm for that area—so it's doable).

Come to network, talk shop, and enjoy yourself.We're going to try and formalize the gatherings a bit with speakers, but expect the usual laid back, easy-going networking event!

I have made it a point to learn how to do much of the work myself and enjoy putting my own sweat equity into the properties.

To be clear, I enjoyed working with you in the beginning and found you to be very knowledgeable and good at what you do.