All Forum Posts by: Chris Feltus

@Arthur Banks Please refer to this thread, click here

@Richard Wedderburn

I just wrote a guest post about this precise subject in-depth on @Ned Carey blog. Check it out by clicking here

If Bigger Pockets as a whole is any indication, I would assume no. The whole website was constructed to stop the cheesy back of the room sales pitches and $50,000 seminars.

I think its more of a local get together where we can put faces with names, network, have guest speakers and talk about all things real estate. I have not yet had the chance to attend, but I plan on going this month if possible.

That's one option. Most people opt to outsource them. The individuals who outsource use a custom font that looks authentically hand written. When printed on a yellow legal pad with the right print settings its nearly impossible to distinguish yellow letters printed on a computer vs hand written letters.

You can print your own yellow letters from home and save quite a bit of money if you the correct software to use. I recommend paying someone to stuff the envelopes for you.

@Jane George Welcome to the forum. Good choice on foregoing bandit signs in my opinion.

We are having a DFW meetup this month, perhaps you should consider coming.

@Roberto Lobrace I wrote about this in-depth for the BP blog. Please refer to the link below for additional information. Driving for Dollars Part 2 Tracking Down Owners

Let me know if you have any questions.

@Joseph Brown I wouldn't recommend averaging comps in the manner you described Joseph. Get comps from the MLS one way or another, Red Fin does a decent job in most of the major metro areas at pulling comps from the MLS, but its not perfect. Plus they don't provide rental comps.

Tax assessed value has little to do with market value. The city does blanket assessments to arrive at their number, it simply to calculate property taxes. Sometimes tax assessed value and market value coincide, other times not so. For instance I looked at a property in my market the other week where the tax assessed value was 105k, I had several excellent comps within a .25 mi radius showing the market value was clearly in the 120k+

Hope that helps.

@Hector Ramirez Welcome. Here is an article I just posted on determining ARV click here

Some additional great resources on ARV/ERC:

Danny Johnson Guide to Estimating ARV

BP Book on Estimating Repair Costs by J Scott

J Scott's Estimating ARV Primer

@Joshua Dorkin I am really happy for you and going going to let you finish, but @Brandon Turner had one of the best cat real estate investor videos of all time!

Sorry I couldn't resist, the above is a play on an internet meme from Kanye West for those who are not aware. So now this is a meme within a meme.

Edit: And some more cats for Brandon. I know he likes Cats.

Fairly certain the author in question is me. Is this the letter and blog posts you were referring to?

Driving For Dollars Part 1

Driving For Dollars Part 2