Willing to negotiate, but not interested in owner financing.Currently has a tenant paying $1400.00 and stated that the tenant is willing to remain in the property.I will be doing a walk-thru soon, but based on the Seller “it is more or less turn-key” and has been renovated thru the years.After walk-thru will I should be able to ascertain how much will be needed in repair cost.I have looked at the County tax assessors site: Just Market Value $110kAssessed Value $66,800My first question is can someone explain the difference in the County information Just Market Value and Assessed Value, and how can I use this information in determining a “Comp” without the MLS?

What you want to ask/ascertain - How long have they been in business?

Phase I: An assessment and report prepared by a professional environmental consultant who reviews the property, both land and improvements, to ascertain the presence or potential presence of environmental hazards at the property, such as underground water contamination, PCB's, abandoned disposal of paints and other chemicals, asbestos, and a wide range of other potentially damaging materials.

One thing is to be local, it's another to try and ascertain this soft type of market data from afar.  

What I do also encourages growth while protecting long-term homeowners and creating neighborhoods that are economically and racially diverse such as certain areas in Philly.

@Doug Yearout, there is no typical scenario... the level of knowledge you bring to the table along with your stable of subs, has a lot to do with ascertaining your value... of course, delivering is essential.Supply and demand play a part too... are their investors in your market screaming for good project managers/contractors?  

Per the regs, the seller or LMO is supposed to ascertain that the borrower has "ability to repay".

We can perform title insurance and settlement in all 50 states.We can do back-to-back closings as long as certain conditions are met.Please call me at: (845) 784-6487 or E-Mail: [email protected]

I would encourage your buyer to order an O&E report or similar title report as it will show the status of the security instrument.The relationship between the borrower and third parties is unknown to us, and since we have no financial relationship with the individuals, our ability to ascertain the information is limited, at best.

To find the ARV of a property, its not about a formula but rather using reliable and verifiable sales comps in the area to ascertain the value.