Here is how it can play out in both scenarios (there are more pictures on my website).FlipPurchase price $72,150 (includes closing costs)Rehab $40,353Holding costs $2,184AVR based on appraisal $150,000Closing costs on the sale %10,500 (7% includes realtor fees, concessions, and title fees)Profit = $24,813 (if we sold it at the appraised value relatively quickly.  

I have a lead on a property that was bought in a tax sale. 

This will tell you how much the land is worth based on value of home sales after taking into account the build costs, soft costs, development impact fees, etc. 

Keep in mind, you may trigger the due on sale clause.

on the new one to cover the difference between the sales price and conforming limit.  

Hi everyone,I noticed that www.realtytrac.com provides comparable sales value for properties.

Start from there to see if you want to offer similar or better brand/model depend on your target sales price.

Right now as a start-up we are focused on and interested in "Subject-To" sales as well as Single-Family Homes. 

@Orion Deaton, It's a powerful tool that allows you to sell investment real estate and subsequently buy investment real estate without having to pay the normal tax on the gain from the sale.  

If you find something out there higher than 70%, it's not a conventional mortgage so likely doesn't have the nice rates & terms that are usually associated with conventional loans.Conventional appraisals on 1-4 unit properties will use the Sales Comparison approach, so even though you've nearly doubled your income, you're still going to be bound my recent comparable sales.