All Forum Posts by: Austen Mueller

Check out Home365. Believe their down by you. Their doing some cool stuff with tech and AI to improve their property management.  

Be honest with yourself first and foremost. Sometimes we want to believe something is better than it is. 

Generally I take into account location first. then bathrooms and beds. Square footage. Then look at any other value ads it may have. Washer dryer, basement and condition of basement. Off street parking. Garages. Then I take into account the condition of the property and the amount of rehab needed. does it have central air? gas or oil heat? I try to find at least 3 good comps. Sometimes there is nothing around and sometimes you get the exact property updated witch is great. Wish it was more scientific. Cities are easier to find comps vs rural. Scan properties from all over the area to get a general feel is one of the best things you can do.   

Its more of an art than a science sometimes. Have you looked at duplex's and quads in the area. What are they per door? And if its rural do you think it will be a struggle to get it filled? what is around it bringing people in? 

You can also try working backwards. Find the rent and all other expenses. Then start plugging in the price of the home to see what your return on investment would be. When the purchase price correlates to a 12% IRR I think that is a fair price an investor would pay for the property. Find the market rent and it will bring you closer to market price.

Hope that helps!   

To all the agents and investors in Harrisburg..... Any insights into Harrisburg? What trends are you noticing? How does the market compare to other central PA cities?

I wouldn't have the sellers address anything. Now that your the owner they no longer care about the property. They wont take the same care you will. I suggest negotiating money back at closing. 

No such thing as luck! make your own! focus your time on getting preapproved if you have not already. Spend time finding a good agent. or agents! make a goal to call 10agents and 10 wholesalers a week. then follow up routinely with them. What market are you in? what is your goal? ie. fix n flip, buy n hold, brrrr, or househack. 

if you are wholesaling because of your current market. You should know there is opportunities in PA that are far cheaper. We work with buyers from NY and we also manage properties. We assist new buyers in purchasing investment properties. I would be happy to explain the process in more detail if your interested. 

1.In this market living for free is awesome but sometimes the house that does that for you is one you dont want to live in. Remember even if your paying $300/mo your still ahead of the game! 

2. there are multiple ways to househack. You can get creative. But it all depends on a deal to deal basis. Maybe there is a seperate structure, maybe you build it out. Maybe you set up a airbnb situation or hipcamp, and or tenter as other forms of income. maybe you rent out a garage 

3. this all depends on what you and your family are comfortable with. 

4. this comes back to number 3. If your family is not comfortable with this idea and your making good money somewhere else maybe you skip the househack. Buy something that needs some work so you can force some appreciation into it. Or you can just start investing right off the bat. Houshacking is great for first time home owners, people with bad credit, small capitol for down payments ect. If thats not a problem for you then you can just start investing. 

also if you live in north virginia. something for consideration would be investing in southern PA. You can probably find a better affordable deal. Southern PA may be up and coming. People in maryland and virginia are buying into smalll towns on the PA border because of the better deals and major roads for commuters. 

it depends on the market. Here in PA we are still finding affordable but n hold deals on the MLS. If the numbers work the numbers work. I would definitely look because you have nothing to lose and everything to gain.

what state are you in and whos name are the utilities in?