All Forum Posts by: Geo K.

Assuming your numbers are correct there is between 12k and 14k profit in this deal. I am assuming the commission is going to an agent, if you are getting 3% as listing agent then you can add another 8k to that, so between 20 to 24k. Sounds like a decent deal.

My suggestion to try to get this deal: Would the seller take 10k down and 1k per month until you flip the property? You can tell him you will give him a lot more if he waits 4 months while you do the flip. 

Good luck and report back to see how it went. 

I have a High Reward deal in the New Port Richey area. This SFH is about 100 miles away from my area of business and I will need either a partner that is local or someone eager for a deal that would like to buy the opportunity from us.

The house is 4 bedrooms and 2 bathrooms with 1 garage and 1,804 sf. It is located in a cul-da-sac on a corner lot. The house was built in 1987 and is currently occupied by tenants paying $1,100 for the last 2 years and they have only been late once, in December of 2013. 

The tenants want to be the buyers of the house, but as many today, they can't get qualified by a regular bank. 

There is good spread in the deal, plus the interest if you are willing to hold a note for about 18 months. 

This is not a simple flip, is more of a buy create either note or a lease-option and help the tenant lift credit until they get refinanced. 

Another exit strategy is to buy the tenants keys and sell retail, however, that brings a few other steps that being local will be immensely convenient. 

If you are interested, send me PM and I will provide details. We can also have a phone call and I will explain more details to serious callers.  

@JaneG I am curious to know your results in Texas. Did you have any buyer mention they are not going to put an offer because you elected to put wood in the kitchen floor?

This is exactly the discussion we have on our property in Florida. We have the perfect setting to do a continuous laminate wood floor and we are considering the 8mm thick option. However we want to make sure we keep it functional and beautiful.

Our house has an ARV of 150-160k which is below the average and median for this city, but still a very nice neighborhood.

I just love how this floor looks and would like to make something similar to this property.

Our company redevelops properties in the Orlando vicinity. We look for broad market properties like 3/2 in good school districts. We have one in an old neighborhood and we want to bring it back to the top of the market. We have a decision to make. 

For sure we will put brand new HVAC units. The decision is to either patch the current ductwork or replace it with brand new and more efficient work. The difference is like $2K which is not a deal breaker in any way, but the issue is you never know where else you will need extra spending. 

2 HVAC technicians said, you have to put brand new ductwork. If we do, and we rearrange some of the returns and vents we can actually reduce the tons of the units from 3 to 2.5. 

2 HVAC technicians said, just patch the work, the ductwork is good enough. Also, they said to keep the 3 ton unit. 

So the question is, as a retail buyer, will they care to pay a premium for brand new insulated ductwork with a brand new unit?

We are responsible investors and we want to do the right thing, we just don't want to leave profit in the table. 

Thoughts?

I searched the forum looking for the right balance of expectations for a listing agent. The way I see a listing agent is a marketing expert that can get the owner the best price the fastest way. In order to accomplish this, I don't find acceptable just to list the property in the MLS and wait for buyer agents to sell the property.

I looked for the answers in the two posts below, but I did not find the actual expectations of a listing agent.

http://beta.biggerpockets.com/forums/21/topics/102...

http://beta.biggerpockets.com/forums/21/topics/968...

Below are the expectations I have for a listing agent. I would like to hear the forum's opinion.

1. List in the MLS and syndicate to other sites. Make sure the listing is complete, accurate and correct.

2. Send mailers to near neighborhoods of similar houses letting them know that house is for sale. 

3. Make at least 1 or 2 open houses to drive traffic, and momentum to the sale. 

4. Call buyer agents after each viewing to ask opinion from the viewers. 

5. Review contracts/offers for correctness and to make sure there are no mistakes on them. 

6. Receive the appropriate compensation for his effort and even a little bonus if the agent got top market 100% listing price. 

I would like to know if my expectations are unreasonable. 

This opportunity is still available.

Key Features:

• Owner Financing Available
• Fair Market Value of 120K
• Sale Price of 112500
• 2.5% of Commission

I forgot to mention on my previous post. This investment is perfect for a Self Directed Retirement account like a SD-401K or a SD-IRA.

Great loan opportunity on a 5 Unit Multi-Tenant property in Winter Haven, FL. We have a professionally made CMA and the borrower is paying for an independent appraisal of your choice.

The property is being purchased at $100K, the borrower is putting $30K down.

The loan is for 70K, 5K are filled by my company which is servicing the loan:

• 65K at 7% loan managed by us, interest paid monthly, balloon payment at maturity at 5 years
• 64% Loan-to-Value
• 1st Position Lien
• Property produces $2,250 dollars rent per month
• Collateral of Rent assignment in place for protection
• In case of default, we will handle/manage the rent collection to continue paying the loan.
• The loan is signed personally

If interested, send me a PM and I will send you the CMA and a presentation with more details.

1639 Sunburst Way, Kissimmee FL 34744 <-- Click for more information

If you are looking to increase your income portfolio this house is a great opportunity. It is on a nice neighborhood walking distance from Valencia College. Also, owner financing is available.

This property is a 3b/2b with 1,100 sf and is being sold only for $112,500

Any buyers agent is able to get 2.5% commission

If you have questions call 407-979-4155.

@Michael Lohin Great question. I have done many CRM implementation on many industries and different sizes of companies. Here is the best advice I can give to anyone trying to adopt a CRM.

"Technology does not matter, process does." So at the end of the day, it will be extremely easy for you to pick the right CRM once you know your process. Don't go into any of them until you can put your process in logical steps.

Now to your question.

Podio is a great software because it gives you flexibility at a small investment entry point. What is better than free?

Also, my colleagues here recommended ACT and ZOHO, both good choices.

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I am curious to hear what did you end up adopting?