Posted by Karl Grube on March 16, 1999 at 15:51:38:
Wholesale Real Estate: This is the lowest value of a property as possibly established by a … (1) local assessor of property taxes (2) bank appraisal (3) or value of a property that just breaks even on a rental schedule.
Retail Real Estate: an upper end price of the property
as possibly determined by location such as (1) significant trees, water amenity, golf course, city park (2) market estimate by aggressive real estate agents wanting the listing (3) a value of high priced land and not the building. Many of these properties have the buildings bulldozed for new construction such as $100,000 building lots.
YES you can get property assessed for free! Simply look up the local tax assessors value for the property
at your local city/county court house, usually at the tax assessors office or register of deeds.
I recommend that YOU only focus on buying duplexes …
no other property. In owning duplexes the rental incomes start to make the purchase price justified.
There is always a renter for a duplex; there is always an investor buyer at wholesale for duplexes; and there
are owner/buyers who want a duplex lifestyle.