My Realtor I am working with is saying this is pretty typical type situation with Home Path properties.Question 4: What is the best methodology to go after foreclosures to get deals?

They also provide their methodology and algorithms in their documentation.

- Level of Finish- Type of House- Time of Year- Specific Building CodesBiggerPockets recently published a book I wrote on estimating rehab costs, and like I point out in the book, while it's quite possible to put together a detailed methodology for estimating costs (that's what the book does), it's impossible for anyone to accurately estimate what someone else's costs will be without knowing at least the information above.And I'm not talking about minor differences in prices.

You can utilize the 72t provision to take substantially equal periodic payments with one of 3 benefit methodologies.

The valuator should determine which methodologies are to be utilized in developing the opinion of value of the subject property.

I fought the appraisal for not using a different methodology, to no avail.At any rate, yes, you have an awesome deal.

@Claudia Diarte  Unfortunately because of the vast differences in how appraisers learned their stuff over the past few decades, one appraiser is going to use a completely different methodology than another.

The most conservative assumption is to use purchase price as appraised value, but most other comps are lower without rhyme or reason for methodology.

I use your methodologies as a basis for my analysis, so it is nice to see your confirming the numbers.One question...

It includes, among other things, a comprehensive map of the Cleveland area, grading each tract from A+ down to F, with a consistent, objective and transparent methodology using publicly available data rather than a broad-brush subjective approach.