I've seen values in nice neighborhoods stagnate as the neighborhood ages and homes get built on the fringe, or as jobs and population migrate away.

If so go 60% costs not 50%.1966 vintage age buildings come with lots of issues versus newer building 80's etc.Some areas all you have is older buildings so you check for problems and take off deferred immediate CAPEX with your offer.Verify that the 700 is actual rents versus gross rents.

I've helped a couple of people contest assessed values and didn't make the connection with the Board of Equalization and equalized value.I love the idea of data crunching on large swaths of information and your use of mortgages (I assume you have an appraised value at the origination date) and HPI are also compelling.Although I haven't played around with it much, because our market is small and pretty homogeneous, I bet I could get just as meaningful information using age and square footage (also available on our tax rolls).

I don't have a set % below my top dollar it usually depends on the age of the property, any recent photos of the interior made available, etc.

Both of them work for the same employer, a federal agency that won't even verify that they are employed there unless we go through a lengthy and invasive verification process ourselves.

My guess by the price and age of the place is you are hopefully in Ghent if you are in Norfolk.  

@Vicki Gleitz I'm the original poster on this thread and not only do I normally discriminate against pitbulls (and other large "vicious" breeds) I am also the father of a 7 year old son who was diagnosed with severe autism at the age of two and half.

The risk you face depends on the age and style of the building you buy, and how long you plan to own it.If you plan to own longer-term, it is understandable that you would consider earthquake risk. 

Hello All,My name is Robert Obniski, 23 years of age, currently residing in Wisconsin Dells, WIA bit more about myself...I was born in Chicago, IL to polish immigrant parents.When I was about 10 years old we moved to a major Midwest tourist town; Wisconsin Dells.

Any tips for a new comer, will i be taken serious as this age