We train Property Locators (we call 'em BirdDogZ) all over the country and feel that having a "mentor" in the business is absolutely a great thing.That being said, I will agree with Ryan's suggestion that you start your learning process now to get a genral grasp of Real Estate Investing so that you can ask quality questions of your mentor.You must also understand that the people that actually wake up everyday and do the business of Creative Real Estate Investing are asked e v e r y d a y to be someone's mentor.

I am located right across the bay in Clearwater.

All the folks who provide services in this business for a fee/commission.4) Rehabber - buy low (and in need of repairs), invest your time and money into rehabbing, then either hold as a rental or flip.I'm probably most interested in #4 - I've enjoyed the hands on minor carpentry/painting/landscaping/etc I've occasionally done in the past, and my primary job has given me some experience in project management (locating and managing contractors).

Here is what I am doing now.I poll from three locations electronically and take the blended #I use my local realtor to pull comps within 300 Sq Feet of the property I am looking atI look at the assessed value.Then I take those three numbers and blend them for an average.If the number is still under 70%, I will look into it further.Does anyone have a better formula?

Let me share a recent deal - Lived in Philly all of 1 week ( july 06) and did this deal Sw Philly ( Island rd & 76) SFR buy price 35k needed 12k ARV 82k A HML owned and held the deed( free & clear) so that I flipped it without ever taking title in 60 days!!!!!

Located between Austin and Waco on the Chisolm Trail(IH 35).

(no analysis done yet, just appearance and location)Originally posted by "Ryan Webber":If you've decided that its the right house for you, then I would start low and work your way up to their bottom dollar.I'm hoping to talk to the agent today about the pre approval and strategies.

Also depending on where the property is located it may need an onsite manager because of the number of units.Good luck!

Where are you located exactly?

small home in a great location the newer homes are like 400-700k but small older homes go between 250-299k but it needs alot of work kicthen bath floors roof mechanicals,and paint= 20k but the mechannicals and bath i can do plus some other things. so i took the low end 250k x 70% 175000- 20k = 155000. but this is a mls asking 225k saying flip this house i made the offer. waiting a counter do i have any wiggle room to come up?