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All Forum Posts by: Brandon Benitz

Brandon Benitz has started 2 posts and replied 2 times.

Foreclosures

Post: Template Foreclosure Letter

Brandon BenitzPosted
  • Realtor
  • Kearney, NE
  • Posts 2
  • Votes 0

I just subscribed to the BP/Foreclosure.com list to get foreclosure notifications in my area.  As both an investor, and Realtor, I want to reach out to the owners while being sensitive to their situation.  Does anyone have a template/example of such a "cold call" letter they send to those in default or going through the foreclosure process?

Thanks!

0 Votes
Buying & Selling Real Estate

Post: How To Figure Property Value

Brandon BenitzPosted
  • Realtor
  • Kearney, NE
  • Posts 2
  • Votes 0

Ken McElroy's, and others, formula for figuring property value is Net Operating Income / Capitalization Rate = Property Value.  But since Cap Rate is based off of value, I keep getting a circular formula where the value according to this formula always matches the purchase price.  

How do I come up with an independent figure for value that is NOT based on the original purchase price?

0 Votes