Have you evaluated sales comps?

Lenders will evaluate multi-family loans using several criteria that serve as the driving force for the loan.LTV- It's certainly possible to get 80% financing for multi-family loans and even higher if you're using a Fannie/HUD loan, but I'm not going to get into those here as I don't think either of those is fit for you.

The estimate would just be to evaluate it to see if it is worth an investors time.

A lot of the important points have already been hit on.Most of the deals I have seen where the loan was assumable required the new borrower to be underwritten to evaluate financial capabilities or that person and their experience.In most cases, the lender also charged a 1% fee.

I would suggest making an honest evaluation based on your understanding of the market.

Assume 0% down to evaluate the deal by iteself:P&I payment: $749.44Cash flow: $-49.44The $187.36 difference is because of the cash you have invested.

That's why I am always very careful with mark-to-market accounting while evaluating a stock.

When evaluating a short sale, there is only one thing that matters: Does the NPV of the short sale scenario beat the NPV of the foreclosure (sell as REO) scenario.

Tips:- Build your credit starting NOW- Start saving money NOW- Start reading everything you can get your hands on about real estate NOW- Start networking with other investors -- try finding a real estate investing group/association in your area- Once you have some base knowledge, start putting together a plan of action to achieve your goal -- it will likely consist of various intermediate steps you need to take to get to your goal- Start looking at and evaluating deals so you know what a good deal looks like (and doesn't look like)- Ask lots of questions along the wayIt may take a few years to get where you're trying to get, but if it's really what you want, you won't give up until you achieve it...

I figure I will evaluate the properties after forclosing and see if they are good for flipping or renting out.