If you’re looking to purchase a foreclosed property at a sheriff sale or some government sell-off, they will likely provide the property free and clear of all encumbrances but I still research property history myself just as an extra measure of protection.

Another option would be a DSCR loan which is typically less stringent on lending requirements that an FHA or conventional loan.

It only measures what the market is paying for NOI.$10,000 NOI in a 5% cap rate market is worth $200,000.$10,000 NOI in a 10% cap rate market is worth $100,000.See, that DOES NOT tell you which property is more profitable!

Our construction costs are expensive because our building code is much more stringent than anywhere else in the state (making our buildings saver).

Asset value is arbitrary (kind of) and not a measure of anything other than what’s in the definition.

Investor loans are seen as high risk today and these will bear the hardest measure of increase.

It lends pro-active measures for various items that wear out, to effect maintenance early vs late.

That same day, I submitted questions about the bid and have not received a call/email back.Contractor 4 is licensed and insured, had great references, took notes and measurements during the walkthrough and was generally a better communicator.

So the question is, how will you measure up and will you be able to effectively compete with an inferior product in an oversupplied market?

There is a reason local's have not bought it in 129 days while deals twice the price sell within hours.We are seeing a shift in pricing all together; while it feels like a bubble when you measure property value in USD as the yard stick, you get a different picture when you measure in % of income, or even in gold.