All Forum Posts by: Darius Kellar

I've notice that properties are being sold with the printed line "pending at ink" which means the seller accepted an offer before the property gets released on MLS. 

What I believe is really happening, is that properties are being held back purposely from the public market and hogged to limit other people from buying it, which could have a negative effect on a realtors commission. Realtors will get the listing and instead post it to the public for fair game they use their personal contacts to sell the house. I think this should be banned and at least have a 2 or 3 day mandatory MLS posting period before an offer is accepted. 

Although Iv'e seen this many times. I only mention this because the houses that are selling with the "pending at ink" label, could have sold for easily double the amount in a matter of days. 

Although there are many variables to success in investing in rental properties. The most important is learning the fundamentals of rehab and construction. Iv'e seen experienced investors who loss years of time & money for 1 bad investment simply because of rehab knowledge. Knowledge of rehab cost and time prior to buying can really put you ahead. 

The best advice I can give from my 5 years of investing in real estate is to keep ALL your predicting rehab and rents ect, realistic. For example the biggest setback I've seen was from investors over valuing a purchase.