All Forum Posts by: Billy Daniel

Cancel the deal and put it back on the market offering a credit for sewage line replacement.  If your current deal is $45k below asking, then it would be great to get a deal that's $20k under asking while also offering a $10k credit, right? 48 DOM is pretty good.  This solution also addresses your disclosure dilemma.

Pandering during an election year. The federal government has pretty limited control over such things outside of housing that falls under federal programs (HUD, etc...). The states hold that power.

Hey Michelle!  Welcome to BP!  I'm a broker/owner in Russellville!

Hey @Kassie Brown!  Welcome to BP!  If you'd like a connection to an agent, feel free to shoot me a DM.  

100% this!  I've always hated hearing people justify their experience with door count.  Owning 100 doors is great, but is your cash flow $5/door or $500?  Are your 100 doors falling apart or are you getting ridiculously good appreciation?  

Real estate agents are limited in what they can do when it comes to calculating BRRRR returns or other calculations. The reason is because no 2 investors run their numbers the same way. I'm glad to lend my market experience to an investor for their assumptions, but I won't run numbers for them. If I tell them they can get a 10% return on a property and then they only get 9%, I'm open to liability.

There are always negative posts on here about agents not being helpful to investors.  While it's true there are many bad ones out there, for the most part investors are expecting agents to do things that violate their license.  A true analysis requires me to make assumptions on your tax situation, property management, and construction costs.  I'm not licensed in any of those areas.

It may not increase the value (much), but it will make the home marketable to many more home buyers.  Secondary loan programs require a permanently installed, thermostatically controlled heating source.  A mini-split will meet that requirement (as long as it's sized appropriately) whereas a window unit will not.

Hey @Kevin Harmon!  Welcome to BP!  A good person to link up with would be @Ryan Blackstone.  He can help you get plugged into the investing game!

 In addition to the two I mentioned above, there is also:

River Valley Navigators - Van Buren 

Real Estate Roundtable - Russellville (my group)

ARKREIA - Conway/Little Rock

There are at least 2 REIAs in NWA.  One in Bentonville and one in Fayetteville.  Attendance is either free (Fayetteville) or $20 (Bentonville).  Either way, its a great place to start networking and learning from other local investors.  You can also meet other industry professionals like loan officers and real estate agents that can give you market specific real-world advice.