ALWAYS assume you will have a 90% 30 year mortgage, just so you can compare apples-to-apples...and to that point:Taking the other extreme: Imagine that you have a house fully paid off, so that your only expenses are taxes, insurance, repairs, and property management.

PITI cost: 3700/mo. attorney fees, architect fees, title insurance: 7painting, cleaning, 1 new dishwasher, misc fees: 6-10holding costs for 2-4 mo: 7-14Staging, misc decorations: 2total cost: 676-688k.Now, I've toured lots of comparable units in the area.

Gather information for a comparative market analysis (CMA);19.

its residental and i am going to build a home that is compareable to one that sold for 1,367,000

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.

They WANT full price and WANT someone to just waltz in and buy their home the traditional way.

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.