It is my understanding that they are very similar except that under the lease/purchase, the "buyer" is guaranteeing a certain number of lease payments and if they leave the property before the end of the contract they are obligated to pay the remaining payments anyway.

I am able to pull most of it for free from the county website, but it means that I have to manually search through the sales data to make sure that properties are in the same area (easily determined) and to make sure that they are similar types of properties (easy, but very time consuming!).

For the first property, after 62 months (your break even point), he would have built $56,754 in equity and on the second property using a similar reasoning he would have built $89,148 in equity.

If you want to do it yourself then try http://zillow.com or your county auditor's website for recent sales of similar houses.So after you have the comparable sales data you will want to estimate the cost of repairs to the house.

Houses similar in size are going from 400-450 in the area.

I had a similar issue with a medical bill from about 6-7 years ago.

hiya,let me introduce myself. i am a 21 year old enthusiastic investor from toronto, ontario. i have been involved in the purchase of three properties this year ranging from multiplexes to houses with acreage. this limited experience of actually getting proactive and getting started has taught me way more than any book has ever taught me. a tip to other beginners. i have also had some background knowledge in the real estate industry with my parents starting out a real estate rental business 10 years ago. however their knowledge is quite elementary and i have a lot to learn. fortunately i have found this site. and while browsing for the past couple days i have found that there are many invaluable resources and brilliant minds aboard.ps. slthough i have found the canadian content lacking i am confident that with our similar laws the ideas are all valid.looking forward to meeting you,joe

Flipping real estate is very similar to flipping cars, just somewhat more involved and takes longer.Many banks/mortgage companies won't lend on flip properties if they need too much work; you need hml or private investors to complete the rehab then refinance with the bank if your keeping it to rent.

I'm interested in doing something similar in the Las Vegas area.

I have found some similar companies offering the same thing as I am but they charge twice the amount.