For example, most of my pre-habs that fall into the #2 category are hoarder houses -- they are packed floor to ceiling with trash/furniture/personal items, and by cleaning out the house, other investors can start to see the potential, which automatically increases the resale value to those investors.Generally, #2 above only works if there are some major obstacles to other investors seeing the potential in the property. 

You can find Rust Belt towns all day long where the pool of possible renters is so small that you have to procure a house for virtually nothing in order to make a dime.

@Tramaine Rollins think of BP as on big virtual mentor.

I virtually always agree with @Justin R. but not completely this time.

@Joe AssadI would argue that your average BP investor is very aware of this phenomenon, and probably took advantage of it well before the largely NY/DC/SF/LA-based analysts were writing about 18-hour cities.There is virtually no cash-flow for new entrants in coastal MSAs.

The advantage of buying now is virtually free money, the advantage of buying in the down turn is lower prices (have cash on hand), advantage of buying on the way back up...banks are happy to loan again and great deals are readily available.

Good morning, I am looking to possibly JV on a couple wholesale deals in the Indiana market. If interested, send me a pm. Thank you

My husband and I have expanded our virtual wholesaling into the Chicago market.

You know virtually instantly if you have your money.

I got in the unit today and there are a few things wrong with the property:Smoke smell throughout - yes I have no smoking in the leaseStuff everywhere, furniture, tables, bed, chairs, power wheels - stuff everywhere that will require a dumpster to removeDamage to downstairs ceiling from upstairs leak, broken utility sink, damage to garage door, paint on garage floor.Not sure why or how or what, but there was a 3-pack of "Bed Bug and Flea" Bomb cans with 1 can missing - please help me on that front!!!!