Comps are recent sales of comparable properties in the same area.

Compare rents in few houses in relation to number of rooms.

We are getting ready to purchase #47 this week (that's not many compared to some people here, but I'm pretty amazed every time I think about it).

Even if the "high end developer" used good soil placement techniques, the site could have been developed for other purposes in the past and that may not have revealed itself sufficiently duirng the due dilligence of prevouis investors.Example; Last year I consulted on a new site for a prominent car dealership that was developing a site adjacent to an existing facility.

BTW, an option memo should include the date the option expires for title purposes, many sharper recorder's will require it, some have not and without the date, it causes title search problems when options were not taken and there was no release.

Please be advised that I am a real estate investor that intends to enter into the agreements contemplated for the purpose of investing in real estate as a going business concern.

I currently have a full-time job that's not in real estate, but I'm looking to begin investing in multi-unit investment properties for buy and hold purposes.

Many had 10% equity to slightly underwater.When comparing renting, selling with an agent and getting full price with lease purchase, he agreed that we could present to all his agents!

I'm definitely wanting to take a little extra time and money to one-up comparable houses so I can have pride in my work, give someone a house they believe is more than what they should be able to afford, make people happy, and sell the house faster!

To this point my research has turned up the following (1) property assessments in WB are from several years ago, (2) appeal of assessment cannot be made based on current comparables (mainly because the market is so lousy for sales).It just seems that I am missing something and I would be interested in hearing from people experienced with this particular city.Bill R.