J Scott,I 'm not sure if my question will take the OP off course, but one thing I'm finding that sellers do not understand is, how you actually determined the $100k sale price.Most people know that the $100k is based on comps, but maybe you can (in this post or another) explain how derived at your final sales price when there are one or more competitive properties in the neighborhood?

The business revenue is between $400k-$600k annually with business operating expenses of 100k.The seller is very motivated to sell in order to move back to europe, the seller first accepted an offer of 6.7mm, the deal did not go through because it was dependent on the buyer's 1031 exchange, the seller then had another offer at 5.5mm and the seller accepted but the deal did not go through because the buyer could not get adequate funding, the would be buyer was rehabber.I wanted to make an offer of 3.137mmI derived this number because the least amount of cap rate I willing to accept is 10%, that means the price has to be $3,237,370 but because there are needed cosmetic upgrades, I totalled it to be $400k.

Citigroup is one of the biggest culprits behind this derivatives scheme that's the root of a great deal of our current troubles.I'm too young to have voted for a President with a solid track record of fiscal responsibility.

The best proxy for calibrating whether or not you are paying too much is to do a simple comparable or to compare nearby price/door.Ray Alcorn has a FANTASTIC article called, "What's It Worth - Deriving YOUR Capitalization Rate."

Some programs truly are around to make a positive change in a new investor's life and to derive some compensation from the activity.

Knowing this fact was derived from my knowledge of the market conditions.Today, times are changing.

Here is a link to what is used in the state of PA to derive an approximation to market value based on the tax assessed value (the state gets a cut of real estate transfer taxes, so they want to have a way to see if they are getting taxes on transactions as high as they expect to see); you'll see the numbers are all over the place...

What he was trying to say is that the primary "function" of a broker seems to be mls access and its value is derived from the fact that it is a closed system.

If you do a case study (blog/video/etc) on how you use BP to derive all the benefits you mention, I'll be happy to promote it.

Although "double dip" is the term du jour these days, I have a hard time calling it a double dip because I don't believe the economic numbers have ever been all that rosy since 2007.If people were using CC's and HELOC's to live and spend beyond their means then we are in for a LONG time of lowered spending = less profits and subsequently less jobs; It's a simple formula.Jobs is the real issue, and job losses are ultimately derived from lost profits - which are going to remain stagnate.