.($60) - (assessed at 2x sale price, I plan to challenge) *Insurance:..........($36) - No dataUtilities:.............($63) - Water / Garbage have no data on this...Misc:.................($11) - AdminFixed PM:...........($60) - Quoted, knownVariable PM:.......($30) - First month's rent, assumed amountAsset Op:............70Other - All cash deal, but I plan to refinance the property to pull out 75% appraised value.

If u are lucky enough to be able to get your local assessment data in spreadsheet format (purchased from your courthouse), sort the list by where the owner lives, and delete all those who live in the same state.

Karen: I'm not sure about your assessment of owners not knowing that there is a market for vacant parcels.

Even so, it does boil down to a gut reaction by any lender in a particular case.Probably not the assessment you wanted for a stated LTV, but you can negoiate and limit risks by allowing other collateral to be given, assign income, direct deposits limit risks, allowing other assets to be taken as collateral and paying more.Speaking of paying more, usury limits may be set by law as stated above, the lender needs to make sure they are in compliance and ensure the typeof loan being made is actually correctly identified.

Then prices drop as the only buyers are investors and tenants/LL's generally don't care about the property too much.As to the things to consider when purchasing a condo: I always ask % investors, condo units in arrears on fee's (hint about upcoming distress sales), check HUD online and see if the development is approved and when the approval is up for renewal, check the financials/reserves thoroughly - there is usually a fairly recent engineer report giving live-spans and replacement costs of bigger items, I also ask if they expect any special assessments coming down the pike.I think that about covers it.

Mailers to Property owners whose assessment went way up this year 3.

We were expecting snow yesterdayHopefully it will wait out a few weeksThat way you guys get this project under contractor before new the property tax assessments come outWisconsin property taxes our typically due on 12/31New property assessments somewhere in the 1st quarter of next yearWell Done

Property is assessed at $150,000.00Currently renting for $1,250.00 per month to a great tenant.

The commitment fee is a junk fee, period.The appraisal fee is also a junk fee because he's going to the property and assess the value anyway.

I would NOT trust the current property manager, get an independent assessment.