I'm looking to do a more detailed interview with a Utah investor as part of my communications course.

I’m estimating because of the market and recent sales on the same block my home is worth $315,000 now.

Hello I’ve recently got my first wholesale lead and I’m wondering if I had a deal hereIt’s a 4bd 2th 1700 sqft single family home in independence Missouri Owner owes 75k on mortgage, Zillow estimates the house to be worth 128k and the owner says it needs cosmetic work Is there room to make an offer here or is there more I need to do to make this make senseThanks in advance for any advice.

Thanks Jay - that seems obvious now but so many little details to fit into that lease!  

The terms you can expect will vary based on your experience, reserves, and credit scores and of course the property details.   

You can take a look at recent comparisons in your and that can give you a somewhat accurate estimation.

Here are some further details that may help you all weigh in on the pros and cons:4 bedrooms, 2.5 bath, 2200 sq. ft., split level, finished basement, 1 acre, roughly valued at $500kLocated in a quiet late 70's neighborhood just outside an expensive urban area.

Decisions to buy boil down to a spreadsheet I use to estimate costs and returns. 

@Vincent Crane hosts one of the best meet ups here in GA at The Ivy in Buckhead once a month, connect with him or me and get more details!

Take hedonic regression as an example, with data on prices and property features, hedonic regression allows you to treat property as just a collection of characteristics, and estimate the price of those characteristics individually.