The amount of premium you pay over rents, whether you pay an upfront "option" fee and how much it is, whether you pay a lump sum deposit upon exercising the option...totally between you and the seller.It might be easiest to estimate a purchase price -- try to agree on a timeline and whether the market will go up, down, or stay the same in your area over that time.

You use the distressed sales as your starting point for bank negotiations and you use the retail sales to estimate ARV.As for alternatives that are out there for investors... you could try Zillow.

Woops.Unfortunately since you have PITI all wrapped up together it's tough for me to estimate what your actual equity is going to be in 10 years.

If you want to do it yourself then try http://zillow.com or your county auditor's website for recent sales of similar houses.So after you have the comparable sales data you will want to estimate the cost of repairs to the house.

I paid $192,000 for it, and I estimate it's value as a whole at $225,000 (not appreciating real fast) or as condos at $125,000-$135,000 for each side.

I'll need new electric service, furnace & hot water heater . . . so, all and all, there is no MAJOR renovating, simply getting these 2 units operational. . .If you know of any good, reliable, and reputable contractors in the area, please PM me, or send me their details.

Hello, from ColoradoMy name is Derwood and I have been in the construction and renovation trades for most of my life.

Sounds like you got a lot out of it anyway with getting comfortable estimating repairs.

i have a few questions about wholesaling, i can't seem to find much information online that really helps me, at least for free...from my understanding, when you wholesale a property, you are finding a property (usually a fixxer upper) that is well below market price, that probably needs some repairs. after adding estimated repair cost to the purchase price you are left with a large amounty of equity, making it a good buy.now here's the part i don't quite understand... i am supposed to get this property under contract myself, then assign it to an investor looking to fix it up... so what happens if i can't find a buyer???

You can try http://zillow.com if you want to get estimates of a house's value.