All Forum Posts by: Adam Anderson

Does anybody have the property analysis tool available in an Excel spreadsheet? I was thinking of making one myself, but I thought I would check to see if anybody has one first.

Originally posted by "thebesthouses":

Originally posted by "AdamT":

If I am looking to buy I am not going to fill out a form so you can show me what you have that will fit my needs. I want to be able to look at what you have available.

Looking at your site I don't understand your business model. How are you different from a real estate agent?

Why wouldn't buyer fill out a form for me to find the home their looking for ?

Because as a buyer I don't see what you are offering me. As a typical buyer I am going to go to an agent that knows about the area I am interested in buying in, or look for a site that has listing of homes for sale in the area I am interested in. Most people are not going to use an alternative unless there is at least a perceived benefit.

If I am looking to buy I am not going to fill out a form so you can show me what you have that will fit my needs. I want to be able to look at what you have available.

Looking at your site I don't understand your business model. How are you different from a real estate agent?

Are you wanting to donate because you can't sell the property? Somebody please correct me if my thinking is wrong, but if you were to donate a $100,000 property and you were in the top 35% income bracket, you would see a tax savings of only 35,000? So to be better off you only have to sell the property for more than $35,000. You can't find a buyer for more than 35 cents on the dollar?

Originally posted by "THERUIZFAMILY":

Sorry to go off topic but I have a question

O.k I'm new to all this so please forgive the newby question....I followed Wheatie until he to to usual expense rule... How do you come up with usual expensed = 50 %. Fifty percent of what ? One months rent per year ?

No one month's rent per month. Most months you will not have that many expenses, but throw in one new roof, new carpet, or one of the many other things can go wrong and you can see how the average per month can go up pretty quick. Take your monthly rent multiply by %50. Subtract out your mortgage payment and that is the cash flow you will have a month. The %50 s taking into account turnover, repairs, maintenance, legal fees, management fees, and many other things I am sure I am forgetting. This is only a guide, it could be more and could be less but most people under estimate their expenses. Do a search for the %50 rule and you will see many posts on this.

What is under the paneling?

For anyone that wold like a explanation of the 10 rules of economics.

Insert URL: http://www.youtube.com/watch?v=VVp8UGjECt4

Originally posted by "reiguy":

gotcha. yeah like I said not my cup of tea. So I will just tell him to check into a pro lol.

Also to add onto this question. What are some common renovations that you know of that would require a permit if sold? Excluding basic stuff like HVAC and anything that would require a license.

I know its a weird question.

Thanks man

You need a permit for anything that changes the structure of the house. If you are opening any walls and changing any of the framing you pretty much need a permit. I have a cousin whose neighbor decided to remodel his basement and took out a few shear walls. His house then fell over into my cousin's house when there was a strong wind.

You did tell the guy interested in renting that Calvin doesn’t own the property and he can't rent it to him. I would also contact the police and file a report. This may have happened to other people in the area.

Originally posted by "Aaron24":

I dont even think putting the new cabinets is neccassary. i probly could resale the cabinets.

I wouldn't count on selling the cabinets when figuring the math. Cabinets are a hard thing to resell because the buyer has to be able to fit them into their