Hello...Im new to the website...But a friend of mines told me this would be the place to find legit investors interested in investing in Real estate...So here it is...I found a multi family property with 16 units in a high demand neighborhood close to beautiful downtown orlando...Its 100% occupied and rent is $1,159 a month... they are asking $2,320,000 but that might be negotiable...Now I did the math and the property would make $17,600...Minus taxes,mortgage,and manager salary...you would end up with $6000-$7000 of cash flow...Thats if i get a good deal on the investement capital which would be paid back in 30yrs with $200,000 added to the initial price of the property...Now im extremely new to all this..and was looking for any insight on how I can execute this deal?..

Looking for Motivated sellers in the Chicagoland area???

I did some cold calling for a real estate company this summer and I found the same tactic (to keep them talking) to be helpful.

This will be my first big investment and I am extremely nervous about buying it and watching it fall apart and fall into a money pit any suggestions on what to look for out and inside of the duplex?

I am sure you have seen this Extreme hoarder situation..

However, if that area is being passed over for other more progressive and upwardly mobile (pun intended) areas I'd proceed with extreme caution unless you want to end up being a slum lord.There's an age old adage in this industry, "The higher the rent the lower the value of the home goes".

Im not extremely knowledgeable with markets outside of my area here.

Extremely interested in hearing about this.

I would think that should be one of the first questions they ask so I didnt waste a month of my time.Oh well back to cold calls.

For example, a lot of sellers are still extremely motivated by the strong demand we've had in Montreal but if you're someone with a bit of patience and people skills, you can still close on a winning deal if you're taking the time to educate the sellers on where the market is now and how the numbers have to make some sense before placing an offer.