Check your math; 47K + 18K = 65K where I'm from :DYou need to establish the ARV (after repair value) from sold comparables, since that is how an appraisal will approach setting the value.

THere is already a ton of information on how to evaluate deals and the proper means to performing the right math.

Do the math and figure out the interest rate.

Also been unable to track down a step-by-step approach to doing your homework on a property before moving to the bidding process, though obviously there is a lot of the basic "common sense" advice such as go actually look at a property you are bidding on, and get a good determination of the real value of a property.....duhI am interested in any tricky back door concerns I should have when considering purchasing anything in a tax deed auction.

If you’re paying more than 10% for sfh's then you might want to do a little homework.

And that beats the heck out of nothing.That said, I've gone though this math numerous times and always end up at the same place as Jeffrey.

It's evident you did your homework and got all your ducks in a row before starting.

I will provide unlimited, free pictures, of any prospective properties to any out of state investor looking to buy in MA. The

I'm not saying there aren't bad apples out there, there are, but that applies to just about anything in life.One should do their homework before getting involved with another entity.

The math in that snippet is wrong. 1500/12 = 125But that 1500 was for the insurance!