Whether a property is listed or not isn't really relevant to how you would comp it, apart from the fact that the listing price is helpful as a "check" on whether or not you've done your valuation correctly.

Maybe you should wait for the next upswing in the market...Who wants to sell in a down market if they don't have to.Assuming you want to sell, Joel is correct.

(provide the mortgagee clause in the letter) In the letter inform the borrower that failure to complete the action and forward the correct documents to the lender will force the lender to assume the property is not insured and the lender will exercise their rights within the mortgage and note to insure the property.

If its positioned correctly it will move.

We were playing the CashFlow 101 game on the second day of training and 4 out of the 6 people at our table COULD NOT fill out the income statement sheet correctly.

Will, is correct...

The correct answer is: you can take any property "subject to" all liens and encumbrances, and those can be liens of any kind (tax, IRS, mechanics, municipal, mortgage, state revenue dept, etc).

First off I hope this is the correct sub forum (BP is over loaded with sub forums) I am wondering how many BP members live solely off of their real estate.

But you're correct, Sherry, that you can deduct the expenses you incur in running your business.

I have not yet put an offer in on this property, but I am using it to create a hypothetical scenario to see if my numbers are correct.