One problem I am seeing is that there is no way to reconcile the prices in the area with some of the rules of thumb used on BP (i.e. 50% and 2%).I'm very comfortable with the analysis of potential investments, but I will need some help with the expense data.

I am comfortable with a cash purchase if it's less than 100K.I am a newbie, so any suggestions are appreciated!

They may choose the best story to tell, but simply painting best case scenarios is not the norm.

Nevertheless, if you aren't comfortable with evaluating the condition of the property yourself, its at least another set of eyes.

I make the offer after I walk thru the properties and feel comfortable in buying them.

Hello fellow BP members,I've just negotiated a decent price on a property that I plan to wholesale, however, the asset manager wants me to close in 1 &1/2 weeks and I don't feel comfortable setting a closing date this soon.I have countered with a closing date at least 21 days from the date that we sign the contract.

I guess if you could take out 100% if the equity and the rent covered the loan payments comfortably that would be an option.

We are far more comfortable with the process of FCL than you might be and our number is zero outside of the above.

If you got to pick and choose, that would be the opposite of a "Fair" Market Value.

Now, I know how banks choose their listing agent/office/broker, they look (by maps, google, all means..) for offices within a certain distance from the property, and ask for a broker's price oppinion (BPO) from each of them, and choose the one gives the highest BPO.