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All Forum Posts by: Josh Lyons

Josh Lyons has started 18 posts and replied 82 times.

Post: Best Pieces of Real Estate Advice Received

Josh LyonsPosted
  • Charlotte, NC
  • Posts 82
  • Votes 41

I like to think of both of these quotes in regard to my real estate investing goals...

Good things may come to those who wait, but only the things left by those who hustle.  -Abraham Lincoln (?)

Some people want it to happen. Some wish it would happen. Others make it happen.  -Michael Jordan

@Joe Fairless Thanks for the great story and advice Joe.  Very helpful and inspiring!  Thanks again

@Anton Ivanov Just came across this discussion. Thanks for sharing your great story Anton!  Very helpful and motivating.  I hope to follow in some of your footsteps.  Thanks again.

Post: Calculating Market Rent

Josh LyonsPosted
  • Charlotte, NC
  • Posts 82
  • Votes 41

Is the paid version of Rentometer worth it?

Post: Best Way to get Comps?

Josh LyonsPosted
  • Charlotte, NC
  • Posts 82
  • Votes 41
Originally posted by @Sean Dean:

Hello Bp,

What are the best ways to draw comps? I know something like the MLS is a good source but I dont have access to that. I have been using zillow and realtor to try and pull comps but they don't have enough information on the house I'm looking at or for the surrounding area? What are some ways or websites you guys pull comps from? (I'm in Greensburg, Pa btw)

I'm having the same question Sean. From what I understand, the best way to get comps without the MLS is to use a combo of Zillow/Realtor/Redfin/etc in conjunction with county websites that give access to public sale info. These tools together should give pretty good comps. Of course the best is having a realtor that can give you good comp data.

Post: Quickly analyzing deals

Josh LyonsPosted
  • Charlotte, NC
  • Posts 82
  • Votes 41

Essentially, these methods give "pretty good" info but they don't give "great" info like you could get from comps from the MLS?

Post: Quickly analyzing deals

Josh LyonsPosted
  • Charlotte, NC
  • Posts 82
  • Votes 41

How do you quickly get reliable comps (rent rates, comparable sales in the area) if you don't have access to the MLS? Of course, you could get them from your realtor, but that would slow down the process especially if you're trying to analyze many deals as properties come across your desk. I know rent rates can be got from places such as rentometer and comps could be gathered from 3rd party sites like Realtor.com, but are those reliable enough to actually use when analyzing deals? In short, how you get reliable comps to analyze properties if you don't have MLS access? Thanks

Originally posted by @Ricardo Cristobal:
Originally posted by @Josh Lyons:
@Ricardo Cristobal A long time realtor in Charlotte told me last week that there are signs that the market could be turning downward. She said it’s already happening in the range above 500k.

 That's interesting to hear, what is the time frame that she expects it to have a downturn?

We didn't talk about the timing.  I don't think anyone can predict the timing with a lot of certainty. 

@Justin Fraser Awesome!! Great inspiring story. Thanks for sharing.
@Ricardo Cristobal A long time realtor in Charlotte told me last week that there are signs that the market could be turning downward. She said it’s already happening in the range above 500k.