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All Forum Posts by: Charles Manuel

Charles Manuel has started 10 posts and replied 26 times.

Post: Southern Vermont Vacation Rental Investment Opportunity

Charles ManuelPosted
  • Dalton, MA
  • Posts 26
  • Votes 15
Originally posted by @Ashley Pimsner:

First this thread should have been posted on the marketplace and will probably be removed. Secondly the price per square foot is being misrepresented as square footage below grade cannot be counted by an appraiser, so price per square foot is much higher at $83.49 vs the $57 in listing.

 And the post can't simply be moved to the marketplace?

The price per square foot will need to be taken up with the realtor.  :)

Post: Southern Vermont Vacation Rental Investment Opportunity

Charles ManuelPosted
  • Dalton, MA
  • Posts 26
  • Votes 15

Up for sale is a gorgeous 4 Bedroom 3 Bathroom Home that directly abuts Green Mountain National Forest, and over 200 miles of snowmobile trails. Its a 20 minute drive to Major Ski Resorts, Arts and Dining, and anything else an outdoors lover could want. Walk out the backdoor and hunt deer, bear, moose, or just enjoy the scenery. 

The Listing for the home can be found here. 

http://www.realtor.com/realestateandhomes-detail/1...

If you have any questions, please feel free to ask me. I grew up in this home and we're just ready to move onto a lake home or something similar. House has great amenities like a Wetbar with a custom cut bar made from a single piece of 3 inch thick pine, a 4 person Sauna, 2 interior balconies, and more. Just ask.

Post: Finding Courthouse Auctions in your area.

Charles ManuelPosted
  • Dalton, MA
  • Posts 26
  • Votes 15

Good afternoon all, 

I'm working on building up my lead sources for homes to purchase in Western Massachusetts, and I'm struggling with finding the details for Courthouse auctions in the area. Is there a standardized website that lists these? where do I find the details for the homes before the go to auction? I can't even find the address for the court house that does the auctions currently. Any help would be appreciated. Thanks!

Post: Short Sale Counteroffer Help

Charles ManuelPosted
  • Dalton, MA
  • Posts 26
  • Votes 15
Originally posted by @Darrell Shepherd:

Sure. Use your numbers, justify them. If the bank won't play ball walk. Many of those come back later asking if you're still interested.

 He hit the nail on the head. Time heals all wounds (and deals) 

Great. Very true insofar as looking more toward the Pioneer Valley. 

So I think I'll probably get the ball rolling with a Pittsfield area one first to gauge interest, and if it doesn't pan out I can always move on East.

Originally posted by @Cory E.:

Www.rhabc.com

They hold a meeting once a month at Zucchini's, I have personally never been. It looks like more of a landlord association. Not sure if they talk about all types of real estate investing or just buy/holds. I've wanted to go to one, just never got around to it.

 Lets go. I'll buy the first round! 

Thanks for the insight, Ann. I agree a Pure Berkshire County REIA would probably not be sustainable, however I imagine that if we encompassed parts of southern Vermont, and Also Eastern New York (much like the local Chamber Of Commerce does here) then it could be a successful group. The only issue with this that they seem to have is they're constantly changing venues so that people with the one hour drive to the meeting one week only has a 15 minute drive the next. I've looked in the neighboring states for groups, and Vermont doesn't have one at all, and New York's Closest is in the Boroughs.

Would it make sense to pair up with the CoC?

Good Morning all, 

I'm located in Berkshire County, Mass and I'm getting started in Real Estate investing with my wife. I'm looking for a local REIA to go to to network and sit in on meetings, and there doesn't seem to be one even within an hour drive of us! Any pointers from folks who have started a chapter in their area, or is there anyone from the Berkshire County Massachusetts area that would be interested in starting a REIA?

Thanks!

Post: Possible firsts deal...... again

Charles ManuelPosted
  • Dalton, MA
  • Posts 26
  • Votes 15

I'm not sure what a place of that nature would rent for in that area, but it sounds to me like she was probably at a break even cashflow when renting, or it was an alligator. 

It wouldn't surprise me if she would be on board for a short sale...do you have a contact at that bank? It might be a help. 

Other than that, have you contacted your usual buyers to see what type of price they would pay for such a property? 

Post: Possible firsts deal...... again

Charles ManuelPosted
  • Dalton, MA
  • Posts 26
  • Votes 15

The first step is definitely sitting down with the owner and getting a felling for her entire financial picture of the home. Usually if you do this at her kitchen table, you can make a goo d(for you ) offer on the spot right there and get a great deal. This can be a good opportunity if the numbers make sense.