I did an analysis on this property myself (but very new to the process) and couldn't determine a way for it to cash flow without decreasing the price (I also didn't have a sound understanding of the utility expenses either so that could change things)Do you mind sharing your analysis so that I can learn from what you did/how you made the numbers work?

Is there some multiplier I can use based on NOI to determine ARV quickly?

As the lender they can determine the terms they want (down payment, rate, term, etc.) and there can be financial benefits on their end by not receiving a lump sum payment in terms of taxes and receiving interest payments.Best of luck!

I have contacted all taxing authorities and determined there is 3200 tax owed on the property which we are willing to pay, and a minor sewage lien.As there is no money being transferred here I was hoping to do the closing myself.

After that seeing whether their parameters (which are generally over and above the IRS requirements) satisfy your needs, and you find the right custodians.As usual building relationships with one or a few of them allows you to have transactions move smoothly through the system.

Hello fellow agents.Can someone please educate me to which form the escrow agent uses at the closing table to report to the IRS, broker commissions?

With that in hand, you can compare similar existing units and determine rent comparisons to have a credible feasibility plan for your lender.

hey guys been spending some time trying to run comps to determine my asking offer and also how much the property is wroth.I just wanted to make sure that I'm doing this right.

Portland has an Early Assistance Program that will allow you to meet with a city planner to determine what options are available to you, I don't remember the cost, but I think it's in the $150.00 range.Hope this helps.

(This is obviously the most important question and will determine if their is any need to move forward or call back.