How long is it going to sit on the market, what are you going to pay a real estate agent, how much in concessions will you make, what repairs will be required after an inspection, how low of an offer will buyers throw at you this time of the year, not to mention what issues you may have with the tenants moving out, i.e. security deposits, option consideration, eviction, repairs, etc...

As Jon pointed out, if you can't find a comp withinn that market area, the appraiser won't either.You can call the price what ever you like, it's market value if it sells for any price if it meets the marketing, consideration in the contract and under the conditions of the definition of "market value".

For reference, I doubt a GC is going to be willing to undertake the cost estimation of building a brand new house without serious consideration for actually getting the job (it would be a good bit of work).

ITV, down payment, and the locale are the biggest considerations from my point of view.

. $100,000+$5,000 +$20,000 =$130,000 subtracted from$212,000 - $10,000= $202,000 and I arrive at $72,000 (This calculaiton does not take into consideration any deprecaition) Does that sound right, at least in crude terms?

Trying to do the eviction yourself can delay the process sometimes considerably.

I was hoping that some of the BP Wholesaling Forum readers would be willing to share the criteria and/or data points they look at when determining if an area is good for wholesaling……now I am confident that BP’s resident wholesaling optimist, Ryan Webber, will say something like “anyplace any time is great for wholesalingâ€â€¦..and I agree that there is much sage advice in this point of view….….however, I was looking to see if any of you used more discrete criteria and/or data points to determine if one area was better than another or good at all and if so, what that criteria was.Thank you in advance for reading and your consideration of my query.

I am not sure if REI clubs are as lousy in other cities as they are in Phoenix, but I would not plan on gaining much from such organizations if I were to expand into another city.I think considerable expertise can be gained by analyzing data thoroughly.

Hi,Can someone please post an example of the flex option contract or some contract that allows you to have an option to buy without putting up any consideration money?

Sometimes the Bonus can be bigger than your salary, so you should TAKE IT.For me, anytime the rent falls below .25% of the market value, it is time for serious consideration of selling, ie, if I am getting $1,000 rent and the house has appreciated to $400,000, as the saying goes "TAKE THE MONEY AND RUN".