All Forum Posts by: Brock Adams

Thanks for sharing your feedback on Stessa as I feel that not having a good response time from any entity is an issue for most automated systems with no strong back office support.  I recently attended a webinar, Master your Rentals: Save Money and Time with effective Self-management.  Very good webinar however the BP Pro membership was stated to be $312/annual ?? but it looks like more when you try to sign up.  Looks like decent PM software but again the support is huge for me.  Will review more before pulling the trigger.  

He is a marketing guru and does a very good job at what he markets.  Like anything in life you need to do your due diligence before making any investment.  Good luck and dig deeper with post from those on BP.

Hey Alex,

I too would only echo what has already been said.  Numbers, Numbers.  A lot of housing has come up for USC students since your parents purchased so you have more competition than when your folks first got in to this one.  This is a good area but I know there are houses wholesailing for 50K near this one, certainly need some work, not as much as yours, and selling for less with an additional bathroom.  Schools make a property very appealing for rent and resale if you are marketing to young families starting out so keep that in mind. Good Luck! 

If I were the seller I would not want the mortgage to remain in my name or tie up my credit for a year.  Maybe this works out for the seller for the now and certainly for the buyer until new financing or some other arrangement can be reached to close out the loan.  It certainly gives the seller some breathing room from bankruptcy but she is still holding her breath for the next year while loan is still in her name.   I supposes too the new buyer does not receive the tax deductions on interest paid since seller is giving up a large amount of equity on the deal.

Hey Cliff,

Miss Tampa.. Born and raised there.  I assume your sister will have to work for a real estate broker for some period of time after completing her test.  Does your business model require a license real estate agent?  Interested to know what your role will be.   

Welcome to BP. Good luck as you are connecting and networking. That is key and certainly there are some opportunities in Columbia to connect with others doing deals. There are two or more REI groups in Columbia whereby you can learn much and experience more.

 That's what I'm talking about.  I like your approach.  KISS  approach works every time.  Thanks for sharing.  I know who I will be calling when looking in your backyard.

 Hey Jeff....I have not seen property or know where it is located and probably don't need to but it seems that you are offering too much.  I believe you are still in the retail range of an offer.  Unless it is all cash and your only carrying cost for now is insurance, taxes, HO fees, and PM fees.  $150 a month spread for buy and hold is tight even on a new house.  Just my thoughts for a rental property that is far away.  

@Alex Franks  it is painful:(.....

Hey Jeff,

Are you buy and hold or Flip??......Be interested to know why your typical SFH is around $150. Buying any SFH is South Carolina at $150 for the above purposes seems high to me. Just curious since SC market is nothing like Calf.