Hi everyone,I've just had an offer accepted for a short sale, which doesn't work as rental, but could work as a flip if the numbers are right on the comps.How are comps usually run, do they go on the price per sqft on similar properties in the same neighborhood, or is it usually done on the sale price of very similar homes.I thought it was th later, but when doing comps for this short sale my realtors were going off the price per sqft of homes in the same community.For example they used properties that were around 1200 sqft, with a price per sqft of 105-107, with a sales price of around 125-135k.But my property is over 1400 sqft, they're telling me That the market value is around 155k.

Hi All,Wanted to get your thoughts on Direct Mail pieces I have sent out - they were first class letters and I put my own mailing address as the return address - what do other people do?

Thoughts?

(never thought of this until I've started listening to the Bigger Pocket Podcasts) it's brilliant, if it will work.

On the other hand, the renters are buying that investment for me... but 27 more years is a damn long time for that to payoff.As far as selling, we owe $235 and the same realtor told me it would sell for $285k to $295.So now as I'm thinking about it, getting ~$40k immediately by selling is sounding better and better.I guess the third option... rent it for a few years while the market hopefully keeps going up, and sell it while the place still seems nice and new.I would greatly appreciate any insights, thoughts, advice....

I'd love to hear anyone's thoughts on benefits and drawbacks to taking on property this way.

Hi guysI'm new to real estate investing and I was considering applying the 50% rule to my deal analysis prior to asking my real estate agents for actuals.I'm assuming this will help build credibility with them and allow for more concrete inquiries rather than constantly asking them for information on deals that may never get done.What are you guys thoughts?

I would be interested to hear your thoughts on Victoria. 

Given that info, what is everyone's thoughts? 

It needed way more work than I thought it would and cost way more than I thought too!