I won't say that I'm an expert on challenging assessments in the city of Milwaukee, but I've known 2 or 3 people over the years that have attempted to challenge assessments, using the "much lower recent sale price" method and none of them had much luck.

I'm a more experienced churner then investor ( here learning)Using the method your mentioning has the potential to raise flags with the CC companies for misuse of the programChase has been known to shut down accounts and Amex calls you for a "audit"The method is valid but carries some risk if abused

I'm currently looking for a multi family unit I can acquire with FHA financing. 5k is a decent amount to get your foot in the door with that method providing you get the numbers right.

More and more investors are choosing this delivery method in our markets as they typically get the biggest bang for their buck this way and virtually eliminate they need for any change orders which can get out of hand without and good well defined scope of work and complete set of construction documents.One recommendation that I can make without hesitation is to be certain that you use only DC experienced and licensed general contractors when you bid it out, as I have seen lots of developers/investors get delayed due to regulatory issues associated with stop work orders and the like because a lot of contractors don't know the process and the system in DC.

I don't know if you've read any of the Peter Conti & David Finkel's books on the subject but they instruct you to employ the same method the man in the comment aboved advised you to.

If you apply an effort to learn the things critical to your preferred method of investing, you will know as much as you need to get started in a MUCH shorter amount of time.

Providing advice based on old methods is dangerous now as we are now talking about violations of federal law.Contract for Deeds BTW, as they use to be with a quit claim deed has new issues as well as such as a security agreement is now seen as circumventing foreclosure laws an can land a seller in court for an unlawful foreclosure.So, much has changed in just a a couple years with financing arrangements of any kind, most of the old ways are out the window an we need to take care in what is advised.But, you're right, you nee to fin the seller's needs an address those to make a deal work

If you comped using income method, what kind of premium did you assign for it being new construction?

But you can't find a better cautionary tale in the world of business about understanding trends in your market and adapting to compete.DISH (and the other satellite media providers) may be in the same boat soon with their core businesses.

I see the benefits and how private money is used for financing flips, but I do not understand how I can utilize such methods for a rental.