Some of the criteria I use :-Majority of contents and valuables removed -Utilities off-Have neighbors seen any recent activity -Mail or newspapers gathering -Obviously behind on rentThis is an area where you need to use your own judgment and take a risk assessment.

They'll likely underwrite the property to assess risk, and if they believe they can get their money back, you shouldn't have issues.

I think the correct way to assess this is by comparing the average apartment cap rate and price per unit in the area/neighborhood.

As far as risk assessment is conerned in dollar terms, I guess it comes down to the cost involved in foreclosing on the property? 

Good morning,I'm looking for contractors that can help me assess a multiple family property.

I have added some target parameters I look for, but would appreciate peoples opinions on these targets, and their value/importance in deal assessment. 

I mean I know it’s a risky place to be in but I was thinking I could do that and het profits before assignment so that I can have enough down payment.So far my mortgage approval is very low around $300,000 based on assessment.

Hi all, my name is Carolyn and I am an undergraduate exploring real estate investing for a research project at MIT. As a part of this research, I am trying to understand -

1. Types of tools real estate investors ...

@Patrick SoukupGood question.My 50% ratio is used simply for a down and dirty quick assessment of a property to see if it is worth diving into at a deeper level.In addition to the expenses you list:There are often utility costs, landscaping costs, advertising costs, administrative and accounting costs, legal fees, unit turn costs, probably forgetting a few, etc - so they all add up.

Below are the details, we are looking for a way for both of us to win in this if possible.The assessment is $180kHe wants to walk away with $160kHe owes $50k on itHe wants $50k in the near future but doesnt need the full amount right away and would rather save the taxes There needs to be $30k in remodel prior to renting again Rents will be $1.6k/mth which will cashflow slightly given conservative numbersI am a contractor and my thoughts were the following but feel there's some holes that need filling in.I would take over his monthly payments while the rehab is being done.I can cover the rehab costs out of pocket.I get it rented and then go to the bank to finance it.What I'm not clear on is the best options at this point.If he doesn't need the full amount immediately is he/I better with him holding the note from a gains perspective?