Although it may lack listings for some stations, display incorrect prices once in a while, and have a lackluster interface when compared to its competitors.

Assessed value has nothing to do with market value or what you should pay.You are buying this property based off the income approach as an investment but generally single family properties use the comparable sales approach for valuation,lending,and appraisal purposes.Local recent sold comps would be a better gauge for current market value than looking at any assessment value.Now you do want to look at assessed value for property taxes.Fighting the property taxes and getting them reduced will improve your yearly bottom line.Make sure the cash flow of the property they are reporting does not include exemptions that do not apply to you or they have been putting off capital costs and maintenance to show and INFLATED NOI.

At that point, a pure cash flow investment is going to look pretty crumby compared to something tied to an inflation index.Someone gives you a million dollars today.

Originally posted by Jon Holdman:Yes, you have your Roth get a non-recourse loan for the difference.A non-recourse loan will run you 40-50% down payment and 6.5-7% interest.I'm not saying it's a bad idea, but you may want to see what the tax hit is for liquidating the IRA and compare it to what you could get with a normal loan.

But you may not know how severe the movement is unless you have experience evaluating such things and have a basis to compare.

I really enjoyed the process of my first deal and would like to do another one sooner...If I get a mortgage on the house, I'll probably be looking at 3000+ in closing costs, which is a lot compared to the amount invested.

I think I will go this route as the PMI will not add a significant % to the interest when compared with interest I would pay to get that 20k by other means (student loans not paid off).I have found a house listed at 125k that is a 3/2 1000 sq. ft. ranch with nice updates (granite countertops, hardwood refinish, cherry wood cabinets, finished basement, modern bathrooms, etc.), garage, deck, and an 800 sq. ft., finished, basement.

Let's all meet back here in 10 years and compare total returns.

I am hoping to get some opinions on the metro area REIAs.I am looking to begin rehabbing/flipping homes in the coming year and right now I would like to do some face to face networking as well as increase my knowledge base.I hope to hear from people who have attended both CAREI and IRR meetings (maybe there are other metro are groups I am unaware of) who could compare them.

If your current loan officer is not giving you a good deal, go talk with another loan officer and compare the rates and fees.