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All Forum Posts by: Chris Olson

Chris Olson has started 6 posts and replied 6 times.

The property is vacant and in good condition. I know they dont increase in value so this would be rental.

I was interested in offering CD holders a better way to get a higher return on their money. I know you can get a list just can't remember where. 

Post: Purchase on a lake home with 2 structures/homes

Chris OlsonPosted
  • Brainerd, MN
  • Posts 6
  • Votes 0

I had a guy contact me about help selling his lake property. I got basic details initially and then went and got more at a later date. The property in question is offered is 700K and the appraisal is on the land and the shop/ guest house. Now in addition there is an unfinished Log Home that isn't in the appraisal for that same reason. Problem #1 No comps.  even close and its a log home making it even harder. My question is. Is this worth pursuing even when the lowest price he'll take is 600K? I feel it appeals to a very small group of people plus the Log Home is unfinished inside. It has been on the market for 2 yrs and he just dropped the price from 850K. Zillow and other sites say it is worth 612K. Should I even consider the unfinished log home? 

Post: Comparables for purchase of Lake Home

Chris OlsonPosted
  • Brainerd, MN
  • Posts 6
  • Votes 0

I had a guy call me that wants to sell his Log Cabin. It's 2300 Sq./ Ft. Any way It's been listed for 2 yrs and has 17 acres of land. Now I've been looking for close comps. for this place as far out as 20 miles and the closest I can find is 150k less with no acreage. He said that most relators had the same problem. Any ideas? the price per sq ft ranges quite a bit as well 

Post: wholesaling a property that has a lease in place?

Chris OlsonPosted
  • Brainerd, MN
  • Posts 6
  • Votes 0

I had a lady contact me about selling a property owned free and clear. She wants to sell , but has a tenant in place with a lease. Has anyone come across this hurdle? 

Post: Subject To Purchase of Property

Chris OlsonPosted
  • Brainerd, MN
  • Posts 6
  • Votes 0

I have a question? I know how the subject to works and what needs to be in line for it to work. I was wondering if it is possible to do this with someone that has a land contract? Any help would be appreciated.