All Forum Posts by: Account Closed

Myself and a business partner are new investors who stumbled across what we think is a good deal and we would love some of your input on whether or not this is a good deal. The property is listed at $47,000. It is formerly a 4-plex with 4 beds and 4 baths, which is fantastic for this area and would be a huge selling point. We would like to turn it back into a SFH. The assessed property value dropped from $118,500 to $47,500 last year due to the condition of the building. The property is located in a lower income level, but is a block away from a brand new CVS, new strip mall, and a bus stop. In addition, there is a vacant lot adjacent to the property. We would like to flip the property but are concerned that the surrounding houses could decrease our eventual selling price. The median house value for the neighborhood is $90,000. There is also a 5 year tax abatement on any taxation increases incurred on capital improvements.

@Joel Owens

@Joel Owens

Thanks for the response!

How often do you find listing information on MLS, brokerage websites, Zillow, Trulia, etc. that is incorrect? I have found some listings that contain incorrect tax amounts, incorrect square footage, and missing beds/baths.

What's the best way to find leads besides having a connection with investor friendly agents?

What are your biggest frustrations when it comes to the real estate investing process? What makes the process more difficult than it needs to be?

What are your biggest frustrations when it comes to the real estate investing process? What makes the process more difficult than it needs to be?

What are your biggest frustrations when it comes to the real estate investing process? What makes the process more difficult than it needs to be?

In short, I'm looking for the most common websites investors use to compile a list of potential investment properties. Thank you for the reply!

I'm working on a project that will make your job as a real estate investor easier and more efficient. To accomplish this, I need to know the primary means by which investors get information about properties. What online sites do you go to to get information about properties you may be interested in?

I am a 20-year-old sophomore at The University of Iowa just starting out with real estate investing. I am interested in getting my real estate license this summer to get access to MLS listings. I called the Iowa Real Estate Commission and they told me the only way I could get my real estate sales license is if I'm affiliated with a broker.

Does anyone have their real estate sales license in Iowa? If so, are you affiliated with a broker? Also, are there any other options for me to gain access to the MLS listings in Iowa?

Thank you!