I imagine property values are high where u live due to that general area being rather nice.

I am fairly new but what i have so far in my learning is that u can pretty much find comps anywhere but that doesn't mean there actuate, and as far as estimating in some book and programs they tell u to pick a number, for example what i have learned is that depending apon the shape of the house going from ugly to real ugly to junk 10,000, 20,000, to 25000 and also depending apon the size needing to be in the area of 1000 to 2000 square feet then to take these unreliable number in to this formula ARVx70%-repairs = MAO and back off slightly for profit now like i said i am new so ,but i do know this is complelely dumb for me use do gurus bring your answers and add your knowledge or subtract from this and tell us newbies how to correctly run the numbers and come up with offer that guarantees u money even if u have to flip the deal over to and end user of course that is if it sales lol...

By me signing my name "Courtney, Mgr." could mean I can be a manager of anything...Do u see what I am saying?

If I was U/C for $100,000 and when the option tripped I was at a adjusted rent of $550, that is 10% over the baseline so my new purchase price is $550,000.I only buy at VERY favorable CAP rates on the front end, like 20 CAPS or lease parks with huge upside in pad rent, expenses that can be passed on etc...

There is a video on U-tube that some you might find of interest.http://www.youtube.com/watch?

glad to see u herewelcome~

There are 2 properties each pricedat $45K, there is a 2fam and a 3famLet me know what you think:[/u]Purchase Price: 45,000Appraised value - $80KLot Size:3,630Living Area: 2,160Taxes 899/yrInsurance 700/yrTotal 1,599/yrIncome: $1,100 x 12mos = $13,200/yrNet Income = $13,200 - $1,599 = $11,601 Annual return: $11,601/45,000 = 25% return[b]·Purchase Price: 45,000·Appraised value - $80K·Lot Size: 4,160 sq. feet·Living area 2,654 sq. feet·Taxes 1,594/yr Insurance 700/yr Total 2,294/yr Income: $1,367 x 12mos = $16,404/yr·Net Income = $16,404 - $2,294 = $14,110·Annual return: $14,110/45,000 = 30% return

I am curiuos to have insight from people who were in the business post Savings and Loan Crisis...specifically from a more experienced perspective..What do u guys think will be the effect of the Bailout ...vis a vis Rea l estate prices....PLS I DO NOT WANT THIS TO DESCEND INTO POLITICAL DISCOURSE, AM NOT INTERESTED IN SOCIALIST,FASCIST AND CAPITALIST POLITICAL DIATRIBE( NOT INTERESTED) am stricly interested in what I can do to better myself under this emerging conditions.Thank you

Double whammy and a big F U to honest people.

Thank u allDavid12