All Forum Posts by: Andrew Angerer

Don't let mistakes hold you back for the future. Learn what went wrong and do it right next time, I'm sure you will have better luck coming your way soon. 

I know very little about this, but what I do know is that the city is desperate for income. They will try to sell for super cheap (up front) but then have high property taxes or past taxes unpaid come back. 

Best of luck, let me know what happens

 The cruise was great! thanks for asking, and way too many. 

Hope it helps. Let me know what ends up happening.

Comps can be tough, especially if you can't get an exact match. I would try looking around and seeing if you can find any other triplexes that have the same specs. If that doesn't work follow this link to J Scott's mini book on the subject, he breaks down how to adjust for near comps. https://www.biggerpockets.com/files/user/jasonscott/file/estimating-arv

Best of luck,

Andrew

Thanks everyone for the great responses, and best of luck overcoming them!

 It can be tough, that is for sure. 

 What OOS markets have you been looking at?

 Private lenders are ok, but the money is not cheap. Try with your local credit unions first, try everyone in your city, and try to get a line of credit. That will be cheaper than any loan you can get from a hard money lender. 

Best,

Andrew

 Thanks for your input.