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All Forum Posts by: Devin James

Devin James has started 101 posts and replied 456 times.

Post: Seller not responding to a pool inspection

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278

Hey Venkat Tarakad,

I would assume that no response is a "No". If I were you, I would ask myself if I am okay with purchasing this property with the pool & fence in As-Is condition? If not, look to see if you can back out of the contract and get your deposit back.

Post: Homes that are relisted

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278

Hey Imebette Barkley,

There can be a bunch of different reasons why. The buyers could have asked for a price reduction and/or incentives that the sellers didn't agree to. Maybe the home didn't appraise as high as the buyers thought. The buyers could have bought a new car which could have lead the lender to not finance the deal anymore. Your best bet is to contact the agent and ask. Not only will it answer your questions, but its also good practice to call agents as its a great way to learn the lingo.

Post: What is the better deal?

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278
Quote from @Imebette Barkley:
Quote from @Imebette Barkley:
Quote from @Devin James:

Hey Imebette Barkley,

What are comps in the area and how much will it cost to renovate the home at $138K?

Those are my guesses from looking at the images honestly it can be more 

 So other homes in that area sold for about 189-215 by looking at the 1398k home the renovation price will probably hit between 25K to 35K



 As Nick C. stated, they both sound like bad deals.

Post: What is the better deal?

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278

Hey Imebette Barkley,

What are comps in the area and how much will it cost to renovate the home at $138K?

Post: Scaling and relationship building

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278

Hey Brandon King,

I recommend attending local real estate investment meetups for relationship building. Attending these meetups will definitely help you build relationships, which will ultimately help you scale. 

Post: duplex hack ?

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278

Hey Edgar Sanabia,

Sounds like a great idea for adding additional income! I would make sure that the current zoning allows for that. Also, parking may be an issue for your tenants and/or STR guests.

Post: What EXCITES you the MOST about Investing in Real Estate?

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278

What excites me most? There's no ceiling to how much I can accomplish 

Why am I investing? Time Freedom

Post: Working with real estate agents

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278

Hey Irakli Khakhviashvili

Good question, there are typically two agents for each transaction. The sellers agent and the buyers agent. The sellers agent is the agent who lists the property for sale, this is the name that you see on Zillow, Trulia, etc. The buyers agent represents the buyer and submits offers to the sellers agent.

Post: Cities with highest avg profits on flips?

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278

Hey Terry Landon,

I think this is a deal by deal analysis rather than a city by city one. Saying that, and assuming I understand your question correctly, I think it would be cities with the highest average sales price.

Post: I bought a house with a rental on it!

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 465
  • Votes 278

Hey Zach Shull,

Yes you should let them know that you are no longer living there and that you have a tenant in place. They will be able to update your policy accordingly. Should be a simple process.