All Forum Posts by: Domonic Pope

Thanks eveyone,

I took a look at the house and its sure is ugly. The last tenent punched a whole in every wall. Cosmetically it looks like a hurricane. I told the buyer I'll keep in touch. It seems that the only plausible way I can make money on the property is to offer a few thousand dollars and wholesale it to a buyer that wants it as a rental.

The owner really doesn't want the house. Maybe he'll accept.

 True. I think that is always an overlying issue. I'm wholesaling so I'll take into consideration for the buyer.

One could speculate that troop levels will to continue to decrease, but when you look at the world conflicts an increase could be also.

 The area is not the immediate hood. Because of the military base around here rental prices are inflated. Soldiers come from all walks of life and doesn't mind to live in a good house in a ugly neighborhood.

I'm wholesaling the property. Besides the MLS is there another way to find better comps than Zillow.

Thanks

Hi Everyone,

I just got off the phone with a friend of a motivated seller. The story goes like this..

The seller parents died a couple of years ago and had bad renters that lived there with out paying rent. I've asked to look at house the to see if I can negotiate a cheaper deal.

I'm having trouble finding comps. I looked at the tax market value of the home and he is asking about half of that. I've seen previous houses list on the same street listed on Zillow that have not sold. The only house that have sold is within his asking price.

Should I calculate ARV by tax value, the inflated prices on Zillow and Trulia or both.

The house is not in a desirable neighborhood but will rent good. Not a crime area just have mobile homes and bad curb appeal as neighbors. Also right next to a military base.