The most accurate way to figure what a house will sell for in a certain area is to compare with other houses that have sold in that same area, otherwise known as comps or comparable sales.

I still think that recent comparables are the way to go.

The risk/reward ratio becomes very lopsided when you are doing something that makes you that liable.

Originally posted by "charles whitaker":Like Mike said, wholesaling to gain quick capital is quite safe compared to other methods.

I have a client who we have recently preapproved and is looking to purchase a duplex for an investment and some cash flow to come in.I did the rental surveys on a couple properties and compared it to the monthly payments but the loan payments are higher than both rental units for the duplex combined so there is no positive cash flow.Were doing an interest only loan.

Unfortunately, there is really no other site out there that compares to loopnet.

Housing and Urban Development (HUD) Department recently announced a program to reward lenders for trying harder to recoup their losses before declaring a loan in default.

You need to know what current comparable homes are listed for and how long they have been on the market.

My advice is to plan on it being tough at first, but be patient with it, pay your dues and in time it will be rewarding in numerous ways.

Generally, when you are comparing properties that are over 50 like these, it comes down to the property's condition and if the neighborhood is retaining desirability like in trendy areas or areas that will always be wanted like historic or garden districts.