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All Forum Posts by: Mary Ann Ead

Mary Ann Ead has started 1 posts and replied 16 times.

Post: "green house" energy efficient real estate marketing

Mary Ann EadPosted
  • Commercial Real Estate Agent
  • Douglas, AZ
  • Posts 18
  • Votes 1

I market "green" properties. I have for the past couple of years. Internet marketing is the way to go for them. The best place for advertising a listing is [www.greenhomesforsale.com]. It is one of the few advertizing venues I spend money on. I've placed 3 homes there and sold 2. One is on hold at the moment.
A few months ago I added a new listing catagory on my website.."Featured Solar" . Within a week it became the second most visited place on my site. ....I hadn't even put it into my internet webcatch yet. ....My "webcatch" is all the things I do online to lead people to my site.
I've taken some skeptical, but interested folks, out to a home nearby that is an off-grid 1/2 million dollar straw bale home, just to show them the possibilities. They were amazed and converted....one is considering putting solar hot water heating in a rehab.
One project I am wanting to get backing for is to put a solar power plant on a trailer park. My thoughts are that the people who will live there are not very wealthy and would greatly appreciate the ability to either grid-tie , or supplement their electricity bills with sun power. I don't think waiting for people to ask about the rental being "green" is what will make it attractive. People need to be educated.

peace,
Mary Ann

Post: How to find homes owner will finance

Mary Ann EadPosted
  • Commercial Real Estate Agent
  • Douglas, AZ
  • Posts 18
  • Votes 1

[Also, is it possible to purchase w/ owner financing though a RE agent? If so how would that work?]

I make it regular practice to teach my sellers about seller carry options and find out what their bottom line is for downpayments, who can more easily carry for a buyer as opposed to massive downpayments. I have many seller carry listings.
I do all the contractual agreements for seller carry. In Arizona agents can do much more than in states that need lawyers to handle transactions. An advantage that I see to this is my ability to negotiate all of the aspects of the sale. There is quite a range of negotiating ability with seller carry......but yes, I do expect to get paid, and there is a lack of "no money down" loans out there, so if all you have to pay are commissions and closing costs isn't that a good gig?
Lists? i don;t know where to find them, I'd try googling with seller carry included.....I put "seller carry" content into my listings in hopes that it picks up keyword relevence.

Post: Hello, Mary Ann from Southern Arizona

Mary Ann EadPosted
  • Commercial Real Estate Agent
  • Douglas, AZ
  • Posts 18
  • Votes 1

Thanks dan and Dick for the welcome.

No I can't say I've had a steady stream of flips...or a steady stream of anything. I've listed and or sold 4 flips this summer. Having a crew to do remodels certainly helps to stretch out my income potential from it. Sold a nice piece of commercial land this summer. I have seen foreclosure properties here sell quite quickly.

I have worked on the infrastructure for my property in the hills (well, water system, septic, road). I'm only moving as fast as my own cash will allow on that project. So, no house yet. I want to make it from insulated panels. As much as I am a believer in alternative building materials, I can;t get past the big bad wolf who blew down the straw house. :O
And I have seen several straw bales get cracks and then come the varmints to eat and nest in the straw.
Ahh you were in furniture sales, Dick...a rare breed of salesperson. :)

Post: Hello, Mary Ann from Southern Arizona

Mary Ann EadPosted
  • Commercial Real Estate Agent
  • Douglas, AZ
  • Posts 18
  • Votes 1

I am a real estate agent working in Cochise County Arizona, more specifically Douglas area....but I really don't limit myself too much. I guess you might say that I am generally a listing agent. It appears I have brought the real estate internet to Douglas AZ, consequently my web of web presence has gotten me many listings.
This is a small border town. I moved here from Rhode Island almost 3 years ago. ....bought 40 acres cash, sold my house and Acura, bought a dodge ram 4x4 and a travel trailer and came out here.
I've always worked for myself , I sold furniture in Boston before I moved. When I came here it took a while to figure out what to do. Selling Real Estate seems a natural. I love to learn. I'm pretty good with Real Estate law and contracts. I'm a geek on the computer. I love data so I don't mind doing market reports and contributing to my clients' knowledge.
This is a small town and I very much enjoy being a part of making it grow. I make my voice heard with the city and like being on top of the new developments and helping out when I can. I believe in this town. You can read about things happening here on my active rain blog;

Cochise County is very rural high desert....a well kept secret. There are many lovely off-grid homes and communities here. My place in the hills is off-grid, solar powered.
I've partnered up and have found myself with a place to live in-town on whatever rehab project we are working on.
I've been trying things to be diverse and create income in this market. Lately I've been holding up the back-end of a remodeling gig where we sell the investor a flip and rehab it for him/her.
I've also gotten us a job of trash removal for a new hotel being built here....(pays for beer!). We made a 20 yard dumpster trailer from an old mobile home. :D
Anyway, these forums look to be interesting and I hope I can contribute with value.
peace,
Mary Ann

Post: creative owner financing

Mary Ann EadPosted
  • Commercial Real Estate Agent
  • Douglas, AZ
  • Posts 18
  • Votes 1

[what Id like to know is this- what are the ways you can do creative seller financing to the flocks of people who cannot get a traditional mortgage? instead of renting out a property you own and pay a mortgage on, can you somehow write up a contract where you would collect a nice downpayment/ monthly mortgage from buyers while paying off your own mortgage? Im not talking about someone just taking over your payments because there is no upside for you... what im thinking about is a way to collect a mortgage from people who are otherwise not able to get it from the banks, therefore giving you positive cashflow, giving them a house, and giving the bank the money that you owe]

First I'd say there may be state restrictions. I know Arizona.

If you are an investor who has purchased wholesale, as an investment, and will sell retail you likely have a smaller mortgage than what your buyer will need. In Arizona it is legal to "wrap" a loan. If there is a due on sale clause you may have to pay up when they find out. Often, hard money lenders will allow wraps.
So, if you wrap your original loan and create a seller carry loan for the full amount of the loan you can negotiate interest rate and amortization..and throw in a couple of balloons if you want. If you have your seller carry serviced through a title company they will even send a portion of the buyer's payment to your original lien holder....(well, i had one case not work because the payoff for the original was too short a time period). You will have positive cash flow. From my experience folks who need to do a seller carry loan will pay closer to full price.

Post: Manufactured homes

Mary Ann EadPosted
  • Commercial Real Estate Agent
  • Douglas, AZ
  • Posts 18
  • Votes 1

Most newer (post 2000..some late 90's) manufactured homes are no longer made with 2X3's they are 2X4's and have wood or stucco siding. They can be on a ground level foundation, or on pilons or walls....I've seen some renovated with ceramic tile, another has a parquet hardwood floor.Manufactured homes are good for rentals, such as in a park. They are also great for rural locations, got a quick easy set up and you do not need to scour the countryside for workers. I've even sold solar powered manufactured homes.
Everything is hard to finance now and I must admit manufactured homes do have a stigma..even to financiers. There are some great deals out there right now on manufactured homes.