Guys -

I have been lurking here for awhile but I finally have a questions that hasnt been answered before.

I am thinking of purchasing a home and came accross this site:

http://www.valueflip.com

and was hoping to get some opinions from you all before spending my $30. It seems like it could easily be legit and for the amount of money I would stand to 'save' then not spending the $30 even just to check it out seems silly to me.

What do you guys think?

Thanks for the input!

That's certainly an interesting idea. The hard part is knowing how current (and accurate) their data is.

I played with this idea once. Our MLS here usually includes the most recent property tax bill. Dividing a listing's tax bill by the town's normalized tax rate will give you the tax value. If you then divide the asking price by the tax value, you'll get another percentage.

As you do this for a particular town, you'll see that some houses are listed at close to their tax value. Some are listed higher, and some lower. If you sort by this percentage, the ones with the lowest percentage are the "best" deals in that town.

It would be really great if we could figure out a way to get this report directly from the MLS. Just another service that a Realtor could provide.

they don't mention that the value is after repair value and that after you put in repairs and purchase the margin will be much,much smaller.

Just use an agent that specializes in investments.If you want to purchase in ga give me a call.