I only wanted an appraiser's opinion because they know how to do adjustments on comps that do not match the subject property.

I would like to share my knowledge as well as learn from you all out there concerning this subject.

I believe you're on the right track, but you should know before you buy if you can bring the subject up in value to the desired comps, if not and you're selling the runt in the litter, healthy and in good shape, just smaller or less expensive, then you should have an idea about your profits and probably a quicker sale.

Always put the subject into your heading.

One sold at $195,000 (very basic rehab), the other is listed for $229,900 and is an average rehab and the other was sold at $249,000 which was immaculate.The subject property was built in 1971, has 1984 sq ft, has 5 bd/2ba, has a 10,454 lot size and has no garages.

Bob bought the condo subject-to the existing financing.

Or you could buy "subject to" where you buy the house and take over the payments on the existing loan.

Devin, you can afford to pay more with seller financing, subject to the transaction makes sense.You are very smart to negotiate seller financing for many reasons.

Property Subject to Limitations: "Yes"_______________________________You will have to disclose the loans on your loan application (doesn't matter that they're not on your credit report) and they should ask if they're 1-4 unit (residential) properties.

It very much is subject to those same rules; however, there is the presumption of profit term that can add two years to the statute.