All Forum Posts by: Manuel Sarabia

Going to move to a 4 bedroom 2800sf house. Poorly designed master bedroom and bath. I want to cancel one of the bedrooms next to it in order to make a huge master bath with a walk in closet.. Would eliminating a bedroom for a large master bath affect the resale value if I were to ever sell?

The rear side from the alley has no fence. I suck at math but I would guess it's somewhere around 50 linear feet of missing fence. The other two sides to the property are in perfect shape. Luckily for me the buyer is ok if I don't do the fencing. I'm selling this property for top dollar and I was wondering if the no fence will affect the appraisal value, or if it will be a lender requried repaired. The buyer is a first time buyer doing 5% conventional.

Is there a way to calculate how much there would be in savings or is the title company the only one that can provide numbers?

Sorry i meant binder title insurance.

Anyone have info on this whether it's worth to get?

I usually look at DOMs instead of absorption rate.

Thanks for the link! Just spent the past 2 hrs going through the search function ready on previous threads and there seems to be a lot of doom and gloom for investors in the area.

Seen it happen once. Buyer went ahead and did the cash offer with 100% EMD. Supposedly it's superior than a normal cash offer with whatever % EMD. He ended up getting.

Whenever I hear a speaker talk about the real estate market they go into the amount of supply available for 2-3 months. How do I calculate how much inventory will be available in the foreseeable future based on current inventory numbers?

A little backstory on me. I've had my license for 9 yrs. 2 as a broker. Been doing flips in California for about 3 years now. Been doing fairly well and know the process from start to bottom. I want to dive into a different market and I am eyeing the Vegas market. I'm pretty close to getting my brokers license in Nevada and as soon as I do, I want to begin establishing myself in the area. I don't know the market so I plan on getting my feet wet with BPOs(and hopefully get into the REO side of things as well. Could be tough), which will help speed up the process. All of my purchases will be cash and I'm familiar with pretty much all avenues on obtaining a property.

So no real questions. Just wanted to get your general opinion on what the market looks like and the investor activity is for the area. I guess this info will not be available until I join the local MLS but if any statistics available out there that I can look at(days on market, values over the past 12 months, etc) that would be great.