All Forum Posts by: LaKesha Raynor

Hello all,

I am looking to buy a home for my family to live in. I looked up information about the property and found that the owner is an investment company. I found they bought the property for 42% of the current list price about 18 months ago. Based on previous and current pictures only, I can see that they have painted the interior of the place. I know that the area had some damage due to a tornado that hit a couple of years ago. I know that the house next to it suffered damage but I am unsure whether this house did. Lastly, I know that homes in the area have sold for 60% of the current list price. However, I know that with recent construction in the area, homes are going up in price. There is a current comparable listing (same sq ft, bedrooms, bath, similar features, same neighborhood) near it that was previously listed for the same price that has gone down to 87% of the list price.

So the question, would an investor balk at an initial cash offer of 80% of list price?

This was a great thread. @Sam Craven, I would love to see you do a blog post memorandum notice of contract.

This thread is one of the reasons why I love BP! I think I learned so much through this thread! Wow! I did my homework and new the market in Dallas, TX is great. I included the population growth factor in my business plan. But this scenario has given me more food for thought. You guys are really great for giving your knowledge and experience in these threads! Like I said WOW!

Welcome Myesha Smith!

That is one saddest thing that I have read in awhile. Wow! What can be done?

Thanks Timothy Rogers! I just sent you a private message.

Sean Brennan, I have enjoyed reading your posts today. You have some great questions and ideas. I specifically liked Bill Gulley's commentary in the last post. He gave a lot of food for thought. And like you I will need to re-read it. As for what Brandon Turner said in his comment about buying a rental property, I had not really considered. At one of the seminars, they mentioned something similar but I thought it was out of my reach. I thought the best thing for me was to wholesale first. As I said, these posts have sparked food for thought.

Thanks for the welcome Jason Grosso!

Hello @Jind Jind! Welcome! Tell us about yourself.

Thanks Brandon Turner! I actually did set up some keyword alerts after speaking to Jon Klaus about it. I didn't think to add my own name as a trigger. :) How interesting. I will certainly get a little more creative in my keyword triggers. Thanks for the heads up!