The main concept I suppose is along the path, but it's not equity that secures a debt, it's the value of any secured property that determines amounts that are available to be redeemed in the event of default.

Btw, this is what I do on every project to determine the scope of renovation work I do...

I didn't hear that suggestion on Bill's video, I also didn't get to listen to every word.Bill usually has decent input, can't imagine him suggesting that.Those eight aspects of underwriting are the major categories to determine an approach to underwriting, in no way shape or form is it as simple or as a matter of fact as eluded to in that video as to a just check off in these areas and you're good to go.

A determination that an assistance animal poses a direct threat of harm to others or would cause substantial physical damage to the property of others must be based on an individualized assessment that relies on objective evidence about the specific animal's actual conduct — not on mere speculation or fear about the types of harm or damage an animal may cause and not on evidence about harm or damage that other animals have caused.However, according to the Pet Ownership for the Elderly and Persons With Disabilities final rule by HUD you do not have to make an accommodation if the dog "pose[s] an undue financial and administrative burden."

You need to find more recent sales to determine today`s price.Tax value should only be a general guide but by no means any indicator of present value.I always nail down how much I think I can sell the property for QUICKLY.

Not really sure what your question is, however if the issue is that you are uncomfortable with determining value, since it's just one property, you could search online for an appraiser and spend a few bucks to let you sleep better.If there's access problem, you can order a drive-by appraisal for $200-300.

I read through the posts on here and I see "Wholesaler" by the title of the person and I wonder how many are actually wholesaling or read a book or saw a guru and determined they were going to do that.

Many factors play into determining value, not many comps would have such a facility, the style as adapted to the home is considered, the functional utility as a residence may be less as well.I'd first call your zoning people and see if 5 or 6 kids requires a zoning variance.Having daycare services or other business activities in a residence is possible with conventional loans, but you can cross the line depending on the perceived liabilities of a business, any significant modifications to a property, public access and other aspects can cause financing issues.

What would I need to determine if this deal is good enough without pulling records from the local office?

That information is absolutely meaningless.Do a comp analysis and determine what the actual after-repair-value of the property.