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All Forum Posts by: Brit Hale

Brit Hale has started 6 posts and replied 110 times.

Post: Need to close on a Multi family in 35 Days

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96
Originally posted by @Darius Anderson:

@Trevor Gaal I analyzed 500 properties this month % of convenience by location and all surroundings all historic progression in rent rates in comparison to the national number Vacancy closing/opening numbers  performance volume all the numbers state and county migration/natural reproducing population numbers economic strength/growth  down to the gender/race % ratio crimes/corrections & types of crimes, flood and natural disasters occurrences with severity considered and all the property details to make sure the properties it self is up to expectation.

my main issue at the time is state selection im from NJ i been looking in TX,PA,FL,NC,GA,OH,IL and other states in the mid west however i think the network i have isn't cutting it for what im looking for my main aim is a 8-14 unit apartment building i i only went small because of the lack of connections i have at this time so i can see everything that's available.

Analyzed 500 deals? Sounds like you could have a bit of analysis paralysiss; take some action and buy one!   

Post: PTAC Heating & Air Units - Your thoughts?

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96

@Lee Ripma I'm going to check these out, thank you so much!!

Post: PTAC Heating & Air Units - Your thoughts?

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96

@Lee Ripma No existing ductwork, about 650sqft, typical old "4 room" plan. Living, kitchen (no dining), 2 bedrooms, and small bathroom.

Post: PTAC Heating & Air Units - Your thoughts?

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96

For small BRRRR potential rental, wondering if it is worth the savings to install hotel style heat/air control systems rather than tradtional HVAC. What have your experiences been whether cost, savings, or quality vs a tradtional HVAC system?

Post: First Brrrr Project!!

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96

I think that's freaking awesome!

Post: Buying HUD Foreclosures

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96
@Thomas Weidner I’ve bought them personally and assisted clients with them. Yes, go ahead and make your offer, whatever if may be, and HUD will respond with a counter giving you their current minimal acceptable bid (net) amount to HUD if your offer is below that threshold.

Post: Making offers on houses but the real estate agent isn't happy

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96
@Lee Bell all written offers (in Missouri, anyway). If an agent doesn’t want to spend their time to write it, then he just needs to find someone who will. If I’m reading this as he is using the listing agent, I can see where the listing agent would view it as a waste of time. Also agree about getting his own license to skip a step and avoid these situations.

Post: New Member looking for Northwest Arkansas Connections

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96

@Casey Caton, a fair amount of B & C multi family in the Joplin, MO area about 45 minutes to an hour away. I'd be happy to share what we have both on and off market. 

Post: Are we in a Bubble??

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96
Originally posted by @Justin Thiesse:
@Hattie Dizmond They need a down payment?!! That’s very funny, because I talk to a lot of people that want in the game and they have no money. I recommend to them to find a good paying job and bank as much as possible. I also tell them to sell their house and live in a 4 plex or similar that they would own. They usually look at me like I’m crazy. They want what took me 20 years to create right away with little work. The new generation will make great renters!

 I mean... that's kinda what/how they suggest on the podcasts? Not how I'm going about it or really would be comfortable with it, but it must be working for somebody! 

Post: How to get into commercial real estate - invest or storage units

Brit Hale
Posted
  • Real Estate Agent
  • Joplin, MO
  • Posts 112
  • Votes 96

What cap rate or cash flow would you (all on this thread) be looking for regarding storage units? I'm attracted to the lessor involvement and time committment, haven't yet offered on a local property essentially because I'm not familiar (no real lenght of time studying or personal knowledge) with storage units as a business.