Depending on the appraiser, your COMPS may not be accurate, which means the LTV (loan to value) may have to be adjusted.

Is this information accurate?

Making educated bets is like gambling at a poker table.

If this is accurate it may be a tough sell at 58% asking price.

I countered at $93K, he finals at $99K and a $5K seller's credit saying any less and he's in short sale territory.It'd cost roughly $2,500 (if the numbers my agent collected are accurate) to split off the water and pin the utility to the tenants. 10% for management and another 12% for vacancy/repair reserves and I'm still looking at a 20% cash-on-cash return.You guys are pros, and I'm not.

Maybe things will get better in the next 6-8 years, but anyone who accurately predicted where we are now back in 2004-2006 was called an idiot.Lots of folks managed to do the property ladder during the boom.

Since the person is local, it likely is more accurate to your state laws, etc.While you're likely in competition with REIA members, they could also be your end buyers.

I am trying to correctly price all the costs of material and labor on my repair estimate sheet, and I just happened to stumble across a website called homewyse.com I am pretty sure the pricing is geared towards a traditional homeowner, but I am just trying to find out whether someone has used this website before and found the pricing to be accurate.

I was hoping they would be more accurate or at least more consistent than Zillow or Trulia .

They are not as accurate as we would like them to be but it is a start not a substitute for due diligence.