If there is a way to search out other similar companies i would be interested.Divot[/b]

There is the Sales Comparison Approach which is based on similar recent sales, the Cost Approach which is based on a value of the land and the cost to replace the existing improvements minus depreciation, and the Income Approach which is based on market rents and a Gross Rent Multiplier which is detemined through market research.Your other statement that banks will appraise the property right around the sale price even if the price is 200 and it's worth 500 is really disturbing.

Ok so basically - as long as I buy a similar property within 45 days of selling another (and none are owner occupied) - I can avoid being taxed is that right?

Think about a 1031 exchange.A 1031 Exchange is a transaction under United States law which specifies that if an asset (usually some form of real estate such as land or a building) is sold and the proceeds of the sale are then reinvested in an asset of a similar kind (like kind asset), then no capital gain or loss is recognized, allowing the deferment of capital gains taxes that would otherwise have been due on the first sale.

A dream is but a look into YOUR future...Nobody can truly see your vision from your prespective, and though we love our friends and family, we can never let them discourage us or set them off the path we intend for OURSELVES...Im a newbie, in real estate and similar to others here, i try not talk about what im doing too much, cause you always get the "nows not the right time" or "you can loss allot of money in real estate" but these comments usually come from people that have no real knowledge of real estate investingYou are in the right place, although im new to BP i can already see that by surrounding myself with these Sharp and knowlegdable investors, i can get all the motivation i need to succeed in the game....You can too Just my two cents.... good luck :D

Neighboring houses are similar, and just a block south, becoming intermittantly shabby, but north, a few hundred feet away and on the other side of the street, is the "better" part of the subdivision.

Neighboring houses are similar, and just a block south, becoming intermittantly shabby, but north, a few hundred feet away and on the other side of the street, is the "better" part of the subdivision.

I had a similar question too.

I would like to build similar small business complex that we have here back home; however, due to my lack of knowledge in the business realm I’m unable to do so.Does anyone have a “Commercial Due Diligence List” or any insightful information to lead me on the right track?

A friend of mine did buy something very similar to what you describe.He's a contractor/ metal fabricator / salesman...bought a broken foundation building in a small town in Michigan, Has rebuilt the thing to code including a kitchen ,with a good portion of barter work, and 3 years later is getting closer all the time.