We all know that the bubble has burst in most places, but if the neighborhood you're planning on investing in is depreciating due to crime, neglect, or other external factors, you may want to reconsider your bid.

Have you factored in that expense?

Here would be the formula you should factor this deal with and you decide.ARV (use only sold properties for your values, do not use the local asking price)multiplied by 70% (Thsi can be somewhat flexible if you arent using hard money and the deal warrants a deviation.

I'm glad to have stumble onto this site because I'm sure that it will offer a real world perspective that an on-line class isn't designed to give.

Reinstalling electrical systems and piping can be very costly and any defect should be factored into the offer price.

Processing of this phase also includes a Cost and Architectural/Engineering review to determine acceptability of final design and cost estimates.

You must have dependable and skilled birddogs, lenders, interior designers, budget/site managers, contractors, realtors etc… 3.

An appraisal can be calculated "as if" repairs/updates were completed, and if you have contractors estimates for the repairs then they can factor that directly into the appraisal.

3.What designations do you hold?

The skyscraper design will be similar to something from Dubai and will boast 360 degree views towering over surrounding resorts and sea.