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All Forum Posts by: Joe Delia

Joe Delia has started 11 posts and replied 783 times.

Post: HUD Houses

Joe DeliaPosted
  • Involved In Real Estate
  • Rochester Hills, MI
  • Posts 812
  • Votes 178
Originally posted by @Account Closed:
@Aaron Yates

@Joe Delia

@Jesse Gonzalez

Guys, you have been so helpful. I am looking for an inspector to do a home inspection in Westland, any ideas or suggestions?

Mark S. -- 586-954-1751

Post: Who do you think will win: Zillow, Trulia, or ????

Joe DeliaPosted
  • Involved In Real Estate
  • Rochester Hills, MI
  • Posts 812
  • Votes 178
Originally posted by @Sam Leon:
Originally posted by @Patrick Connell:
Originally posted by @John Rooster:
Originally posted by @Joe Delia:
Originally posted by @John Rooster:

Not only is a doable its being done already.

If there is a metro area that Zillow and Trulia can not service because they are being stonewalled by the local MLS please name it. I would like to research this more.

Austin, starting May 1.

A piece of a newsletter sent out a month ago from ABOR:

"Last week, the ABoR Board of Directors voted to return decisions regarding listings syndication to brokers by agreeing to terminate ABoR’s relationship with ListHub after April 30, 2014, and stated its intention to cease facilitating the syndication of members’ listing data to non-REALTOR® consumer websites. After April 30, 2014, brokers will choose independently whether to provide data to non-REALTOR® consumer websites on a case-by-case basis as dictated by clients’ and agents’ best interests."

That is interesting to see how this goes moving forward, if more and more are choosing not to syndicate.

First, I believe it affects much more than just sites like zillow, trulia, realtytrac etc...many of the brokerage owned web sites with a "Find my home" or "Search for home" button would be crippled or fragmented in the same manner. The sites like Floridahomes.com, Weichert.com, Remax.com etc...and a whole bunch others I believe used the same technology to mine the data for their search engines. Their clients wanting to do their own preliminary searches and once they zero in on a half dozen of homes they contact the realtors to arrange visits and personal services, these clients would have hit and miss access to what's available.

Second, and as someone who have architected a few commercial engineering automation systems in the past, this will not really stop anything. All it does is it will cost zillow or trulia more to get the same data. Instead of being able to have direct access via listhub to the listing data, all they have to do is to pay a realtor with access to perform automated searches at a regular interval and get the electronic search results. I am pretty sure many of you set up searches for your clients, based on price range, how many bed, bath, location, pool, garage etc...and your clients get email digests with new changes immediately, every day, twice a week etc? Well they could arrange for the same search with no filter at all to be created, so they get updates on new listings, status changes by email. Then all they need to do is to write a simple parser to follow the pattern of these information in the email updates and aggregate into their database. It won't stop anything, These are road blocks that can be easily overcome.

Third, I believe these sites are investing heavily into property rentals, an area where the information source is not so dominated by mls like sales. In rental you have a lot of property that's listed organically on these web sites, who syndicate to each other, as well as Craigslist and many other hybrid marketplace/social web sites. Not being able to get rental listing data from mls will cause a further fragmentation for landlords and renters. Craigslist is already an island by itself as it doesn't allow syndication. Now if a renter goes to a site like zillow to look for rental availability they don't care if the property may be on mls, on zillow, or syndicated from somewhere. If they now need to go to CL, then to an agent to look for mls listed rentals, and to zillow or trulia to look for the rest of them, it's more hassle for the end consumers. I could be wrong I think in this case they would look at zillow and CL listings first, then the mls listed rentals last as that may be the least convenient.

There's probably more impacts than what I listed those are just some that's off the top of my head.

I don't think it would have any impact on sites like "realliving.com".

Post: HUD Houses

Joe DeliaPosted
  • Involved In Real Estate
  • Rochester Hills, MI
  • Posts 812
  • Votes 178

I'll submit a bid for you if you want, don't ask me about anything in westland though, I don't think i've ever been there in my life.... Which is odd since it is only an hour from Rochester at most.

Post: HUD Houses

Joe DeliaPosted
  • Involved In Real Estate
  • Rochester Hills, MI
  • Posts 812
  • Votes 178
Originally posted by @Account Closed:
Mark, I am in Michigan and the listing agent for the property is telling me that HUD will not sell to an LLC

You're likely confused, it probably isn't in the period in which it can sell to an LLC. Has to pass the owner occ period.

Post: Four-plex help in Michigan

Joe DeliaPosted
  • Involved In Real Estate
  • Rochester Hills, MI
  • Posts 812
  • Votes 178
Originally posted by @Scott K.:
it just seems that people are not understanding that the prices are way down in Michigan but the rent really did not follow with it. People lost their homes or just walked away but still had their jobs and have to live someplace. My buddy is a worker at a apartment complex and they had waiting list a few years ago. They raised the rent during the meltdown.

Michigan was a one state recession way before it spread to the rest of you folks.

To get back on topic. I would love to own that mf but you need to raise the rents. Maybe paint the apartments to justify the hike

Where are these prices "Way down" at? Please send me some so i can send them to my buyers. My email is below.

Post: Four-plex help in Michigan

Joe DeliaPosted
  • Involved In Real Estate
  • Rochester Hills, MI
  • Posts 812
  • Votes 178

Brandon, send me the MLS number, i'll take a solid look. I can assure you im not going to steal your deal, plus you know where i work and can just beat me up.

Just remember, two buildings is two roofs, on and on...

Originally posted by @Aaron Yates:
Originally posted by @Joe Delia:
Originally posted by @Aaron Yates:
Originally posted by @Olvin Pettway:
Hello,
I am a new investor, and need some help or direction. I want to place a few offers, but I am having trouble obtaining MLS's Retail and Wholesales (REOs and SS) reports from agents. Where can I find the MLS's or similar reports on Retail and REOs/SS sales, pending,and sold comps, in order for me to confirm if my deals are really good deals?
Finally, can anyone recommend REO agents in Oakland County MI that works with investors, for as a cash buyer my group wants to fix and flip in high end neighbors?
Thanks.

Are you willing to do some footwork yourself? If not, it will be hard to find an agent to work with you. @Joe Delia will be helpful but remember that he not only is an investor but his full time job is being an agent and they need to make a living as well.

The more self-sufficient you become in property research the easier it will be to find an 'investor friendly' agent. But even then you will have troubles. I've been through 7 in 2 1/2 years not counting the ones that flat out told me no...

May as well just go to 8 and stop there since we're neighbors and all now.

Sorry but you just confused me abour the whole 8 mile thing... my mind is stuck on all the stupid things ive read on here tonight and reminded me why i have cut back on my involvement on BP in regards to sharing my experiences.

Not 8 mile, go to your 8th realtor, me. Send me an email lets get lunch soon

Originally posted by @Aaron Yates:
Originally posted by @Olvin Pettway:
Hello,
I am a new investor, and need some help or direction. I want to place a few offers, but I am having trouble obtaining MLS's Retail and Wholesales (REOs and SS) reports from agents. Where can I find the MLS's or similar reports on Retail and REOs/SS sales, pending,and sold comps, in order for me to confirm if my deals are really good deals?
Finally, can anyone recommend REO agents in Oakland County MI that works with investors, for as a cash buyer my group wants to fix and flip in high end neighbors?
Thanks.

Are you willing to do some footwork yourself? If not, it will be hard to find an agent to work with you. @Joe Delia will be helpful but remember that he not only is an investor but his full time job is being an agent and they need to make a living as well.

The more self-sufficient you become in property research the easier it will be to find an 'investor friendly' agent. But even then you will have troubles. I've been through 7 in 2 1/2 years not counting the ones that flat out told me no...

May as well just go to 8 and stop there since we're neighbors and all now.

Post: Who do you think will win: Zillow, Trulia, or ????

Joe DeliaPosted
  • Involved In Real Estate
  • Rochester Hills, MI
  • Posts 812
  • Votes 178
Originally posted by @Bryan L.:
@John Rooster Somewhere, somehow I'm paying to have that listing on Zillow. It's either built into my MLS fees, or built into the cut my broker takes from my commissions. But there's no way that it's free.

You're not paying for it, you're having business stolen because of it.

Post: Got this regarding a Tenant who skipped town to Texas, any advice?

Joe DeliaPosted
  • Involved In Real Estate
  • Rochester Hills, MI
  • Posts 812
  • Votes 178
Originally posted by @Adam Roberts:
@Joe Delia you and Renee come on down to Texas.... We'll go knock on their door. The look on their faces will likely be priceless. :)

No in all seriousness I would go after the money if it made business/financial sense. Would be a good notch on the experience belt as well. Like everyone said, don't waste time or dollars on frustration, but you know that better than anyone.

I'll be down there this spring sometime or early summer to see charlie, perhaps i will knock on their door. You can video record.

I believe my lawyer put it to the bureaus, not sure, if not i will do that, not that deadbeats care about credit. Although their credit was in good shape when i rented to them.