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All Forum Posts by: John Phillips

John Phillips has started 1 posts and replied 4 times.

Post: Texas real estate comps

John PhillipsPosted
  • Real Estate Broker
  • Dallas, TX
  • Posts 4
  • Votes 1
Originally posted by @Annitta Brinkley:

@ Amir Khan I am a new wholesaler/investor and I feel your pain! I am currently working on my first deal out of Temple, TX and my comps vary. I pulled from the REIPro database, Propelio, and finally a Realtor that was able to pull from MLS. I went with the numbers from the MLS as these should be the most accurate. My newbie advice would be find someone willing to pull them from the MLS for you and use Propelio as a source for the FSBO data since this is not on the MLS. Good luck!!

Why not just work with a good real estate agent that can tell exactly what something will sell for after renovation. Even if they don't know anything about rehab costs, and can't even find you the property, you would at least have the ARV part of the puzzle figure out, which is step 1. If the property is listed you won't even have to pay them. But even if you had to pay a commission it may be well worth it, not losing money is first priority. I have personally seen people lose dollars (6 figure dollars) trying to "save" money on commissions. Full disclosure I am a broker, but that doesn't change anything, and I don't work in Temple.

Post: Sidewalk trip hazard repair

John PhillipsPosted
  • Real Estate Broker
  • Dallas, TX
  • Posts 4
  • Votes 1
Originally posted by @Eric Lee:

Hi JD, thanks for the response.

The program is a 50/50 split, but from what I understand the cost should be pretty low anyways since it's only one section of sidewalk that needs repair (<$100).  So if that's the case I was thinking I'd rather just pay the full price to avoid the hassle of transferring the utilities. 

 Under $100? I hope that is a typo. 

Post: Amazon HQ2 Possible Hint in Super Bowl Commercial?

John PhillipsPosted
  • Real Estate Broker
  • Dallas, TX
  • Posts 4
  • Votes 1

@Matt K. I think you are probably spot-on, stirring the pot a bit. Certainly not random. Fun to watch this play out. This will have a huge impact on whichever city lands it. 

Post: Amazon HQ2 Possible Hint in Super Bowl Commercial?

John PhillipsPosted
  • Real Estate Broker
  • Dallas, TX
  • Posts 4
  • Votes 1

So did anyone else notice the Amazon commercial started off by reporting the weather in Austin? A possible hint?