Edmonton is 300km from Calgary and colder 😉 I also disagree with the assessment on price.

Here is a CSS Decision Diagram flowchart intended to bring together all the various questions when assessing the benefits of a Cost Segregation Study (via a professional or DIY).

Likewise, try going to your local investors' meeting and ask the attendees.This question is probably more of a qualitative assessment than one based on hard data.

The computation entails selling the property for the assessed value of $1.5 million, resulting in a $650,000 capital gain.

The duplex was assessed at $1,575K (in California) but it requires a lot of work.

I agree with your assessment here.

HUGE assessments are happening and more coming. 200k assement I saw this week, can you say crash, then it will spill over the houses.

I only have student loan debtI have a full-time remote jobI have no prior experience in real estate investingMy credit score is high 700'sHere are the details about the property in Zenda,WI:Asking price: $235KIt’s being sold by out-of-state heirsIt needs at least $50K in repairs and updatesThe neighboring house recently sold for $235K (though I don’t have details on its condition before the sale)A family friend who owns a construction company assessed the property and noted the following:Replacement Needed: Furnace, Water Heater, Water Softener, Floor (concrete replacement needed due to unevenness), Roof, GuttersUpdates Needed: 1.5 BathroomsConcerns: Black mold and water leak marks upstairsRemodel Suggestion: The staircase is very steep and narrow; recommended to relocate and extend it into the living spaceAdditional Work: The property slopes downward, allowing rain to flow into the house.

Hi @Kent Kettell, assuming you're running the numbers on your end, any loan offer that enables you to acquire the asset given your level of cash reserves and reach your target ROI at the expected project duration, net of financing costs.If you don't already have a useful calculator to assess cost and profitability associated with fix & flip projects I'm happy to share a copy of ours!

Try to get performance report from the owner. make sure it is fee simple and not leasehold , make sure there are few unit is being sold in the particular code. read the HOA assessment carefully