The reduction in the rent they want for their services are often way off base for the actual quality of work they do.3.

Not only am I making more cash flow, but I'm also getting a bigger tax benefit, appreciation and principal reduction since it's a more expensive property.From a high level, this makes sense based on these two wealth building principals:Higher and better leverage.

For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you’re considering is on a very “distressed” street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You’ll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the “better” street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job – everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You’ll need to spend more on rehab as the ARV increases.Logically,buyers like more ‘pretty-ness’, higher-end fixtures, cabinets, etc. when they’re paying $200,000 vs. when they’re only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); and üHolding the property (mortgage interest, utilities, taxes, insurance, etc.).

My thought, and no I'm not an expert, is that modifying would involve more of a principle reduction versus rate reduction since most borrowers are underwater, or possibly a combination of both.

.#1- After acquiring a property, what is the likelyhood of getting a reduction in prop tax?

It's on either HGTV or DIY Network, pretty sure it's HGTV.Not sure what day, but I generally catch it some evenings.The episodes I've seen have been about renting out a portion of your house such as a basement apartment.Like Richard said, show treats rental income as a reduction in your mortgage payment.I find it somewhat interesting.

They happily shovel it, apply salt and requests anywhere between $25-$50 rent reduction, for each snow removal.

if it needs some work that's totally fine. we've been looking at Oakland, particularly in the Rockridge, Temescal, Pill Hill/Harrison area.

You can listen to the red pill investor for more ideas. look up Karl Krentzel on this sight.You just need to get started, the rest will come in to place as soon as you need it. 

But there was still a contingency period in there.A lot of these replies seem to be confused as to what you're asking for - you're asking for an inspection contingency period, not for them to make any repairs or price reductions.