All Forum Posts by: Account Closed

 I agree that at times the zillow estimatwe is meaningless, but the area where I live, most homes sell at zillow price. I understand other areas of the country, thats not the case. I think its been on sale for so long because people are shying away from the roof and siding issue. It was listed at 289k and then 284k and then they delisted it. Im very interested in it because its what I buy. 4 bed 2.5 bath sfh that generate 2k a month. I usually make 20k a yr of each home. after insurance and taxes. repairs are very minimal(fingers crossed).  Also does that 15% rule apply even if im paying in cash? I usually get my properties at a huge discount because i pay cash. Also now that its unlisted, do you think I should go straight to the owner? 

I completely agree. But I have 5 SFH and they all are rented for 2k a month, one is even at 2300 a month. mostly all the homes I bought at around 250k and are worth probably 300k or 350k now. all of them are 4 bed 2 bath or more. I find that people who rent 4 bd homes stay in that home for longer... I have tenants who have been with me for over 4 yrs. What do you think would be the ideal cost to rent ratio? thank yuo for your input. greatly appreciated.

oh no... 75k wont get you an outhouse in seattle lol. SFH start at about 150k and thats extremely lower level. I buy most of my rentals at around 245k. and they give me 2k a month in rent.

 its listed by the selling agent at 284k, but the zillow estimate is at 300k. By looking at the property, and in their disclosure statement, it needs a roof and new siding. its been listed for over 6 months now. 

4br 2.5 bath. 1860 sf built in 1994 listed at 284k

needs roof and new siding(hardie plank) most likely

listed on zillow at 300k and i know zillow can vary form rgion to region but where I live, the zillow price is pretty damn accurate fom what ive seen. 

Im looking to buy cash, what offer should I put in? I dont want to go too low, then they won't respond. I want something close enough to where we can meet in the middle and I can buy for like maybe 250k or lower. 

wow... I guess you hear something new every day. Thank you for sharing that. yea I mean anytime an agent or seller does anything outside of the normal procedure, you should always have a mental red flag raised. Refusing inspection is just absurd, they probably won't ever sell that house unless its a cash buyer. I mean what traditional lender would go through a deal without inspection. 

Joe your killing me here...lol.  "Hypothetical" lol. Just wondering if the numbers did work.. its still option "b"?? @Joe Villeneuve I thought most people would pick option b too. 

I have a crazy question to ask all these professional investors. I'm curious to see which way the vote will go. Okay here's the question:

Let's suppose you have 100k in cash.. what would you do??

A. buy one sfh for 100k in cash and be free and clear and receive $1000 a month. 

or

B. Buy five different sfh at 20% down (20k) each. and cash flow $1000 a month ($200 from each house). 

and yes I know the numbers might not never work, but lets say they do and the world is made of candy. 

wow... thank you so much for that... probably the best most straight forward answer I've gotten on this site.

 Can you please give an example with real numbers. I'm very intrigued by what your saying and I think I get it, but an example would really help. I buy all my properties in cash and have never refinanced anything.  cash out refi on something you own free and clear?