Now that I've just completed my first investment real estate transaction I'm much more comfortable in doing it again in the future.

I put on there "legal address to be attached by title agent".If you aren't comfortable with that, you can look it up on the tax rolls (which is not always accurate but is quick and easy) or rather you can research the last deed recorded and get it from there (normally a little more time intensive but more accurate).

wow am i ever glad i found this forum before i bought my first rental i guess i have to play with these formulas more to get comfortable with analysing deals thx to all who posted and keep the advice coming!!

I know some of this is personal information so share as much of it that you are comfortable with.Thanks!

The most recent sold is about 2 months ago for 192K, again it needed updating.So, taking into account that the market is slow, I am comfortable with an ARV of $200K.

(Yes, I realize you didn't ask us to analyze the property per se, but you asked for a reasonable offer price, which is absolutely tied to what will make the property a good deal, which of course requires analysis.)Bottom line, if you are absolutely convinced that it is a good deal at 1.4M, then take it at 1.4M.Originally posted by "littleivy":I have lived here a long time and have seen my home increase in value from 275K to 1M in the 13 years since we bought it....and our first home, which we kept as a rental, has increased from the 195K that we bought it to being worth about 850K+.I also won the lottery the last time I played, so I figure I'll be a shoe-in for the next time I buy a ticket.Have you seen this graph?

I usually have my newer clients start out with excel and get comfortable with the art of record keeping and then migrate to quickbooks when necessary.

:D Basically, I'm a hardworking realist who doesn't expect to get rich quick, but am hoping to find the mentorship I need to eventually be comfortable in what i do and financially.Again thanks for the Welcome and I look forward to becoming a long-term member.

You need a title company or RE attorney who is comfortable handling a double close.

I'm browsed over it enough to feel some personal getting-my-feet-wet comfortability, and all I offer is that you review in detail before you move forward!