I happened upon BiggerPockets while searching for something on the internet regarding investing (I don’t remember what) a couple months ago.

I happened upon BiggerPockets while searching for something on the internet regarding investing (I don’t remember what) a couple months ago.

As for comps, I look at sold, active and also what did not sell, the expired listings to determine a base price point.

Not sure if your county assesses like Wake County, but in Raleigh, my last actual tax assessment value was determined in 2008, probably based on 2007 sales, and we pay taxes on that value until reassessed in 8 years (maybe 6 years, not really sure).

Listsource.comOnce you realize that you don't care about most of those parameters and determine the 4 or 5 you care about, it's not as overwhelming.

The asset structure that is best for you (if you really need one) is determined by your own situation.

I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.The loan package consists of a 6 month IO construction/rehab loan where they will loan me 75% of estimated ARV now, then refi into a 30 yr fixed when work is complete.The ARV is determined by the appraiser based on comps and based on a list of improvements that I intend to make.

David MorrowHi David,I wanted to commend you on your focus and determination.

I openly admit that almost everything I know can be found on the internet, a lot of it right here.

I am determined and committed to making this work however at this point I'm at a loss as to what to do next; send 45 more yellow letters or purchase 3-4 bandit signs??