Your offer needs to be made based on your assessment of value, not his.The second thing I see is that the homeowner wants at least $3K from you.

The asking price for the home is $120,000 its a HUD forclosure, the assessed value is in the $160,000 range.

Hey JD Mathieu: The rent-to-value ratio is one of the metrics we use on my website to quickly assess the profitability of a real estate investment, and to compare it with another one (i.e. within the same city, or between cities).

County website shows that the Assessed /SOH Value is 54,670 and Just Value is 64,980 but I believe it is possibly worth about 75-80k in present condition give or take.

This assessment will guide you on the key considerations I believe you're referring to.

The seller was receptive to a purchase price of 26k for a 3 bed 1 bath on .4 acres when the tax assessed value is 62k.

I wanted to share a site I've found very useful for quickly assessing rental rates; it's not mine, I am not affiliated in any way, I just use it a lot!

We should get together sometime.John and Jon are both correct in their assessments.

Some liens, depending on your state laws would remain, even with foreclosure-ie. code violation lien, gov't assessments, etc.

Loans that didn't fit the square hole were more apt to be assessed as predatory, the hole has been bored out making it larger but requiring easier guidelines avoiding the predatory assumption being made.Passing the House Is no surprise, the Senate is a different matter.Either way, leave it to politicians to keep things unsettled and in chaos