All Forum Posts by: Jeremy England

I sold a property fsbo. Paid a broker to get it on the mls.  

It was professionally done.  Staging, looked great, smelled great, on a lockbox etc. 

Thats not enough though. Realtors will discriminate against you because you are fsbo. Its like a union thing. They’ll show their buyers other properties and put yours last on their list.  

We sold that property but it took twice as long as normal for that market.  I also don’t know if a realtor could have got us enough money to make up for their commission

6 pct of that transaction was like 25k

We paid 3 pct anyway for a buyers agent commission

So the issue was could a realtor have got us another 13k. Probably. 

I dont think i would view it any different than any other rental unit. There are noise ordnances in most munis.  If someone is violating them then they can be cited like any other person.  

I go to grad school online and get a va check to do it.  Tax free.  going to use the money to buy a property.  

Do alot with my hands.  cars, boats, home improvement.  Not much i'll hire people to do, unless there is tim sensitivity.  

I think much of that is dependent on risk tolerance. Some people are fine with being in a million bucks debt if theyre getting More than that in rent.  Some want to own free and clear the moment they buy it.  

, im less risk averse than my wife.  But i also have to live with her

From a deal generation standpoint, @Anson Young's book on Finding and Funding deals is awesome.  Not much gets left out of it with regards to the different methods of getting deals.

 That does leave a wide door open for financing.  Not the case here unless I'm misinterpreting it.  This is from the local county website on auctions.

" if a party other than the creditor is the successful bidder, an immediate deposit of 5% of the bid is required. The balance of the bid and court registry fees (3% on the first $500.00 and 1.5% on the balance), must be received by 5:00p.m. on the day of the sale. Payment must be in the form of cash, certified check, or cashier’s check payable to Pam Childers, Clerk Circuit Court - NO personal checks or promissory notes."

@Darrell D. It seems the accepted practice is either cash or private money for the trustee sales. And according to jay those HML that do are regional and require premium points and apr for the money. It doesnt seem like HML would be a viable option for the auction, even if it can be done.

This eliminates alot of competition for the auction properties.  

42pct is pie in the sky.  I own that book btw.  I was a builder in Alabama before i took a job out of state.  

Profit on specs is really dependent on market conditions at the time of sale.  My last build was a 200000 project and I made 10k on it, of course that was 2008.  

yes it took alot of people by surprise.  Im guilty of it too but thats what happens when everyone decides not to attend city council meetings.  A few people make decisions that suit themselves just fine but screw other people over

as an alternatove to savings accounts.  I recommend a robo adviser like betterment.  I dont have a savings anymore and just invest on autodraft into a bond/stock savings vehicle and easily get over 7pct every year.  

Just give them your risk tolerance and let them do the rest