All Forum Posts by: Adam Schneider

Derek, where in NC are you located? I might be able to direct you to some helpful local investors depending on the market.

Adam

Ethan, 

Use the 1% rule that was recommended in this post. If you are in L.A. (my home town), you probably don't know that taxes are re-assessed in NC every 8 years and 2016 is the next re-assessment year. So, you may be buying a property today, and having a different tax basis right around the corner. That won't change the tax rate, but taxes are obviously a function of both the rate and the tax value--so just a friendly heads up. Since the taxes were last assessed just at the very beginning of the nose dive in market values, there's a likelihood that current tax values are inflated above what they should be. However, I'm not sure that the tax revenue folks are particularly excited about dropping their revenue stream. We'll see soon…

Want to wholesale your NON-MLS property?

Want to buy a discounted NON-MLS property presented in person by the seller?

Want to network with investors who do deals?

FREE Event! You can check out details on FaceBook -- go to Deal Maker Sessions. Or, go to www.SchneiderPropertySolutions.com and click on the Deal Maker Sessions tab on the left.  NO GURU's or products being sold.

Anthony, do you do roofs and foundation?

So you have a property that you plan on selling for about $150K. Should you list at $149,900 or $150,000? The Buyer-Psychology camp will say $149,900. But wait--if you are relying on Zillow as the site where your customer is going to find you, know that you'll miss much of your audience if you place at the $149,900 mark. Why? One of Zillow's price tiers is $150K. By listing at $150K, people searching at $100K to $150K, AND people searching at $150K to $200K will find you--not just the $100K to $150K group. It's easy to learn the tiers for Zillow and Trulia--search for a property by price points and see.The same holds true for your MLS if your MLS has tiers. Happy selling.

Sorry…the tab is on the left, not the right.

Free event. First Monday of every month. Wholesalers will present non-MLS residential properties. This is not an auction. You can check out details on FaceBook under Deal Maker Sessions, or go to my website at SchneiderPropertySolutions.com, and go to the tab on the right that says Deal Maker Sessions. If you are a wholesaler, you are welcome to present your properties. If you are a broker, you are welcome to attend as well!

Welcome, John. If you are looking for properties, feel free to attend our Triangle Deal Maker Sessions (first Monday of the month). You can check out Deal Maker Sessions on FaceBook or reach out to me.

I can send you a guy who will help. [post edited to remove contact info]

We have a 4/4 at Crab Orchard (Lake Park) and have similar experiences as mentioned above. When it gets to the next school year, I'm going to do one lease with all 4 students joined together so they are all responsible. We found that the NOI has been about 6 to 7% per annum over the last 3 years. Looking back, I'd invest my money elsewhere.

If you are looking for more properties, feel free to attend our Triangle Deal Maker Sessions that I host monthly where wholesalers present discounted properties.

Warm regards, Adam