This will tell you how bad the property truely is, compared to what it used to be.

If prices are still rapidly appreciating in your area, then consider the cost of holding over the winter as compared to the better expected price in the spring and the risk that prices will drop.Good Luck,Mike

mtg/tax 400.00 insurance/water 50.00property #2 40,000 rent 500 nothing included.

Something that causes them to work harder when things are tough compared to just walking away with no personal loss.If they can get a new 1st and you take a second then you will likely have more cash at closing.

It is a bit of a pain figuring out the comparables if you can not see what has sold.LoopNet is a solution in the commercial space.

In this e-book I will discuss a marketing method that will allow you to promote yourself with overwhelming results for just pennies on the dollar compared to other forms of advertising.

Well I went to turn the water on after having all of the new Pex installed in the basement and I heard a god awful noise.

In other words, make sure there is plenty of profit in it compared to the amount they have to pay and the repairs required.

Before I really began investing I would 'sandbox' and go to the auctions every week to see what properties went for compared to what was owed, what they were assessed for and how many of them never went to the chopping block.I slowly realized that the good deals rarely went up for auction and when bids were placed they were usually at levels that even I knew was too high.

List price $440,00016- 1 br units; one building; upper and lower units1 vacantOn site leased laundry (2 machines)Landlord pays water and gasTenants pay electricRevenue per unit(stated):11 @ 4151 @ 4402 @ 4301 @4201 @ 410Laundry $1100/yrTotal Rev $81,320/yrExpenses (stated):Gas/electric $8626/yrWater $4300/yrTaxes $8000/yrIns $3000/yrYard Maint $1490/yrTrash $804/yrTotal Expenses (stated): $26,220/yr (well below the 50% rule)Tax information: last transfer 1999; 54.2663 mills for non-owner occ.; current SEV $162,400; taxable value current $145122From the listing agent: Nice old lady has owned them for 30 years; built in '70's; currently has one vacancy; all units are 1 yr lease; half of tenants have been there for a very long time (years); other 8 units turn about 1x/yr; great neighborhood; upscale community; walking distance to downtown; roof is 4 years old; hot water heat (LL pays); "A" propertyHave not seen the inside yet, from the pictures I've seen the kitchen/bathrooms are outdated.