Wholesale Issue?
Is the Tax Assessor data sufficient for analyzing a potential deal?
ex. Listing price = $115,000
Existing Mortage balance = $20,000(non-
assumable)
2004 Assessor data =
Land Value: $15,000.00
Building Value: $74,880.00
Assessor Value: $2,810.00
Current Value: $92,690.00
1) Seller is motivated... should I make an offer based upon this info alone, minus repairs?
2) Do I get an appraisal first, then make offer?
3) Am I just out there in left field, and need to read up some more?
Investor rookie
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