All Forum Posts by: Gabriel Amedee

Hey Lukas Getter ! Welcome to BP. Unfortunately I am on the mobile version so I cannot attach any links but there are several extensive threads if you search for “getting RE license” that include many different opinions. Feel free to message me if you can’t find any!

Hey Shiloh Lundahl Great post man! Think you really hit the nail on this topic 👍🏽

Honestly I can see why they did that as many other media platforms have changed from only showing the content with the most popularity. The only issue I’ve encountered is posts not showing. In this thread alone I cannot see the 6 consecutive posts above what I am writing now. Has this happened to anyone else?

Hey Keith McMiller I don’t know the qualifications needed to be an appraisal in your state but if you knew how to appraise you would definitely be ahead of the greater majority of newbie investors. Knowing how to draw the value of a subject property is one of the most crucial parts of the game. This becomes several times more valuable when you get into commercial as those deals become much more complex. Hopefully an actual appraiser joins this thread with a much more thorough answer. Hope this helped!

If you feel it’s grey then add a clause clarifying it. Have tenants sign additional clause and you are golden. Lease contracts can be modified. If something is unclear to you then it may also be for the tenant. Adding a clarification is all that’s needed. Happy investing!

Hey Kelvin Letron Brantley This is the only situation in which I would consider a short sale. There is no need to sell short if there is equity in the home. Happy investing!

This thread was so overdue.

Hey Alfredo Martinez ! Honestly I wouldn’t care what the bank will take and neither should you. Work backwards and calculate how much this is MF is worth to YOU. The bank could care less if they sell you a complete money pit. If they don’t accept your MAO then know you are one step closer to finding the right deal and move on forward. It’s a numbers game! Happy investing!

I think an active investor would know the market more than an owner occupant that isn’t constantly searching for deals. Investors in hot markets know they’re in hot markets and for all you know he may just be testing the market. Just like you have an MAO when searching for properties, he may have one when selling. When the seller doesn’t accept your MAO, you just move on. Same goes for when you get an offer that doesn’t meet your off loading price. I can concur that tenant occupied properties tend to give me a harder time with negotiations but at the end of the day it’s a numbers game so I go after it like any other lead. Eventually you’ll find the landlord who’s dying to be out the business and takes your lowball offer. Just let the process work itself Happy investing!

Honestly this comes with time and experience after of course knowing all your options. Example Seller ARV: 320k Mkt Rents: 1700/m Loan Amount: 400k Monthly PMT: 1300/m This seller for example has negative equity so a regular sale is out of the question for me. I could do a short sale and profit as an agent or assign the short sale once approved. I could also consider a subject to or sublease since there is a little wiggle room between monthly payment and market rent. When you have all the numbers in front of you it is not which options are best but more which make the most sense. Hope this provided some insight !