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All Forum Posts by: Josh Edelman

Josh Edelman has started 48 posts and replied 168 times.

Post: Buying a Forebearance Property?

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127

A client of mine wants to sell his property. He recently lost his job and went into forbearance in April - so he hasn’t paid his mortgage since April. 

He recently refinanced his home for $550k and has a balance of $546k. It could sell for $560k right now. Could rent for $2200/mo. I believe he was paying $3200/mo for his mortgage. Rate is 5.5%. 

Any creative recommendations on how I could turn this into a smart investment? He just wants to get out of the property. Thanks! 

Post: Rent or Flip?

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127
Quote from @Fadia Eramya-Sealy:
Quote from @Josh Edelman:

@Fadia Eramya-Sealy Have you thought about potential new-builds? I'm working with a lot of buyers with new builds - they just are crushing the resales in Las Vegas now. That is what many buyers are doing in Las Vegas: getting into new builds. Between the rates, the closing cost credits, and all the warranties and brand-new appliances that come with them, it's just tough to beat. Add in the value add from the A communities/parks/client base around the area, I would consider that. Let me know your thoughts!

Josh Edelman

973-459-0938

Urban Nest Realty

Hello @Josh Edelman,

I haven’t considered new construction. Do you have any recommendations on a builder? We would love to purchase in the Henderson or Summerlin.

Thank you! 

Fadia 


 Fadia, just sent you a DM! 

Post: Rent or Flip?

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127

Here are the median prices specific of the Black Mountain Ranch area. Prices dampened a little bit this past year as the rest of the market did, but appreciation continues to grow over the long term. In terms of rental rate, for the past 5 years overall rates have been $2000-2500 on average. 

Post: Rent or Flip?

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127

@Fadia Eramya-Sealy Have you thought about potential new-builds? I'm working with a lot of buyers with new builds - they just are crushing the resales in Las Vegas now. That is what many buyers are doing in Las Vegas: getting into new builds. Between the rates, the closing cost credits, and all the warranties and brand-new appliances that come with them, it's just tough to beat. Add in the value add from the A communities/parks/client base around the area, I would consider that. Let me know your thoughts!

Josh Edelman

973-459-0938

Urban Nest Realty

Post: Active Duty Air Force and an active Realtor

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127
Quote from @Shawn Mcenteer:

Hi @Josh Edelman do you work with investors?  or do you have experience working with investors.  Ill do about 15 hours per month of lead gen 5 hours of it is spent at coffee shop or brewery with other investors the rest is solving problems for investors,  its very easy to teach and ill close about 30 deals per year with this technique.  Super achievable if you have full time job


 I haven't but I'd like to. THanks!

Post: What do you charge for Pet Fees?

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127
Quote from @Mary Jay:
Quote from @Josh Edelman:

$100 more per month


 per pet? total, whether its one pet or three


Post: Anyone in Las Vegas? I don't see anyone with questions!

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127
Quote from @Kelsie Buth:

Hi Josh! My husband and I live in LV and we are looking to purchase our first investment property. We're new to the field and to Bigger Pockets so will be as active on the forum as possible moving forward. We've been following some of your previous threads - thanks for asking a lot of helpful questions! 

Our plan is to buy-and-hold and utilize the property as an MTR/LTR due to the licensing restrictions (and saturation) for STRs in LV. It would be great to connect with you sometime to discuss further if you're open to it.  


 Hi Kelsie! Thanks for the comment and sharing your goals. I just sent you a message. Let's connect and I can give you some insight on the market and my experience with MTRs. 

Post: What do you wear when door knocking?

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127
Quote from @Matt Marcus:

go by this Principle, most people like to work with who they know like and trust. Like and trust can be a split second decision. 

You got the first part down on the Know by door knocking. but I would dress in a manner that is reflective of the community you are door knocking in. Unless you're on the beach, i'd avoid the flip flops and board shorts, but Also I think most people get defenisve or put off by suits when they are knocking on someones door, so Business Casual, collard shirt if that is something you'd wear or a Clean- Non Graphic T (unless you had your own made), clean cut dark denim jeans -- and some clean shoes. 

You will do better door knocking when you feel comfortable, and when you feel comfortable the people in front of you will feel more comfortable and they can tell (but we should also not feel like you are dressing for your living room either), and so dress how you would want to dress, in a way that is clean, professional, but more casual in clothes that fit well and are not uncomfortable to tight or too big--  otherwise you will feel it as soon as you knock on the door.  


 Great thank you! 

Post: Active Duty Air Force and an active Realtor

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127
Quote from @Jeremy McMasters:
Quote from @Josh Edelman:
Quote from @Jeremy McMasters:

Hey Josh, I am Active AF too and just got my license. I have been struggling with lead gen. I recently invested in a coaching program and am finishing up the training. I revamped my schedule to be able to prospect every morning. I am looking forward tracking numbers and setting appointments.


 Congrats on the license! Which coaching program did you do and how did you like it? Also where are you located?

I went with Reverse Selling by Brandon Mullrenin, i like the structured approach and accountability. Currently, im finishing up my last cpl years before retirement at the JBMDL, NJ.

 I was going to guess him. I have been following him on Youtube for months now and a big fan. How has the outbound prospecting been? I am using Vulcan7. 

Post: Active Duty Air Force and an active Realtor

Josh EdelmanPosted
  • Real Estate Agent
  • Las Vegas
  • Posts 183
  • Votes 127
Quote from @Jeremy McMasters:

Hey Josh, I am Active AF too and just got my license. I have been struggling with lead gen. I recently invested in a coaching program and am finishing up the training. I revamped my schedule to be able to prospect every morning. I am looking forward tracking numbers and setting appointments.


 Congrats on the license! Which coaching program did you do and how did you like it? Also where are you located?