All Forum Posts by: Andrew Alexander

I'm pretty certain. There wasn't a huge rise in values in Kalamazoo in the recent years as far as I can tell. I'm fairly new around here but from the research I've done and the people I've talked to prices rose but nothign crazy.

I don't think prices will go down much going into the spring/summer. Usually things start to pick up around then.

here's the deal:

He owes 68k
He paid 65k in 2004

Current Market Value: $50-55k
ARV: $65k-70k
Repairs needed: $10k

I'm thinking of making my top offer with the lender $35k. That would leave me with a $20k profit, not counting closing costs, transfer tax, holding costs, etc. My plan is to use a conventional loan and moving in and rehabbing it then selling it after a few months.

What should my max offer be considering what I've said?

How is everyone doing on completing their goals??? Post an update please! I will start:

I have found my first potential deal!! YEAHH! So that is a big one for the month! Unfortunately I'm going to have to negotiate a short sale with HSBC, which I've been told by fellow investors here in Kzoo, is a difficult task.

By finding my first deal I have also done fairly well with some other goals...I have added various people to my buyers list and talked to a few more people about private lending (no takers). I haven't been to any open houses yet, but I think I can accomplish my goal of ten still.

Please update everyone on how you're doing on your goals!

When I say I work until 4pm I mean I am unable to call and talk to loss mit during my workday. I'm not a full time investor, I have a full time job M-Th.

Hi, I'm actually not a nine-to-fiver but I work 6am-4pm M-Th. I'm working with a guy right now and it's looking like I'm going to have to negotiate a short sale. My question is, how difficult is it going to be to negotiate a short with the lender when I'm working until 4pm M-Th?

Thanks,

Andrew

I sent a colleague request so I can pm you more information about what I'm aiming at doing.

Thanks,

Andrew Alexander

What is call capture?

I'm looking for some contact information for hard money lenders that work with investors in the Kalamazoo, MI area. I work with fixer upper SFH's.

Thanks,

Andrew Alexander

Okay I'll take on the task of Official Goal Keeper...but just to warn you all, I will be checking back on you at the end of the month!! I want to hear results.

Also, don't be shy about posting your goals even if you think they are less extravagent than other posters' goals. We're all here to help eachother so let us help encourage you to accomplish what you set out to do each month.

Andrew