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Choosing the Right Neighborhood

May 12, 2015 by Marco Santarelli Leave a Comment

Classifying a neighborhood by “type”, or what many investors refer to as a “grade”, is typically nothing more than a subjective description.  Although most people will have a general idea of what is being referred to, in my experience it is usually nothing more than a qualitative rather than quantitative description.

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Filed Under: Flipping, Getting Started, Housing Market, Real Estate Investing

Understanding Your Purchase Appraisal

July 15, 2014 by Marco Santarelli 5 Comments

Appraisal FormOnce you have a property under contract and you’ve performed an inspection, it’s time for your loan officer to secure a purchase appraisal.

Be aware that an appraisal will almost always render a lower value than you determined in your comparative market analysis, for a number of reasons.  Appraisals do not give an accurate market value – they simply give you a reflection of what you’re trying to accomplish with the bank.  There are actually different types of appraisals, and each one serves a different purpose.

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Filed Under: Financing, Flipping, Real Estate Investing

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