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All Forum Posts by: Laura Casner

Laura Casner has started 17 posts and replied 40 times.

Post: NDA documents when looking for partners on a deal

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

Looking for advice on NDA's.  I have a deal and business plan that I need to source capital for. I need a large downpayment to close.  I'm concerned about a scenario where I show the property to a potential investor then that person with the cash to close circumnavigates me and approaches the seller with their own offer, swopping in and grabbing the property on their own.  Anyone have advice here? Does it make me look bad?  Does it turn off people from funding my deal?  Is it common?  Anyone have links to templates for something like this or a sample they would share?

Post: Partnership with land owner and builder to parcel off land with a mortgage

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

I've been trying to work out a deal with a land owner who would like to sell off a parcel of land in order to reduce is debt. However, He still has a loan on the property. If I buy the parcel from him, how does that effect his loan? Won't that make his payment actually go up by reducing the value of the home which is now on 1/2 the land it used to be? So if he refinanced then he'd actually have a higher payment after paying in what he was paid for the land?  Can someone help me wrap my head around this with real numbers?  Lets say current appraised value is 170k.  He parcels of .5 of his 1 acre and sells it to me for 40,000.  Thanks!

Post: Rainwater Collection Systems - pros and cons vs a well

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

@Rene Hosman I don't but the land in this area is unpredictable with boulders and can be quite polluted from old industry. There's an added bonus of cleaner water in collection. I'm in east TN near the smokies which is a temperate rainforest and there aren't limits for obvious reasons. 

Post: Prospecting for a specific piece of land - tips and strategies

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

Thanks for that @Dustin Tucker. I will check out Land Glide!

Post: Rainwater Collection Systems - pros and cons vs a well

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

Anyone here with experience installing rainwater collection systems either below or above ground on new construction vs drilling for a well?  What are the pros and cons in rural new construction? Can multiple structures feed and draw from one cistern?

Post: Prospecting for a specific piece of land - tips and strategies

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

Hi!  I'd like to start actively prospecting for land and am looking for advice on strategies from those who have done this successfully. I'd love to just hear what has worked for you. Also, below are some ideas I've had.

It seems to make sense to start with a list of people in my ideal area that have owned land for a long time and are not actively using it.   The part I'm navigating is that I need a specific piece of land for the project I want to create. What strategies have worked best for you?  Should I use something like propstream to find all acreage that fits my size parameters then just start doing drive-bys to see if it looks like it would work? Then from there just narrow down the ones that don't look like they'd work? Do I just send my collateral to everyone that fits the parameters then go see the land once people respond? How much detail on what you'd like to do with the land do you provide up front? I have a proof of concept web page and can provide a personal story and touch. But I'm not sure how much time is worth investing on the front end.

Thanks in advance!

Post: Estimating operating cost on a new construction STR

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

@Collin Hays in TN! 

Post: Estimating operating cost on a new construction STR

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

Hi!  Anyone have advice on general rules of thumb or ways to estimate operating cost for a short term rental new construction? I need to figure out a base operating cost so I can consider this when I assess land purchase price, but I"m finding it very difficult to asses things like insurance, property tax, utilities etc. on something that isn't build yet. Any advice? 

Post: Quick design facelift- has anyone used peel and stick wallpaper?

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

Hi!  Has anyone used peel and stick removable wallpaper?  I'm looking for recommendations of specific brands that people verify the do remove easily! 

I'm scarred by old wallpaper, but am thinking more and more of putting peel and stick wallpaper on the back of an island for a quick design change in the kitchen. Seems like a good way to switch out patters and change the whole feeling of the kitchen with a cool pattern or textured fluting.

Post: Clearing rental data on zillow when re-renting a property

Laura Casner
Posted
  • New to Real Estate
  • Knoxville, TN
  • Posts 40
  • Votes 10

Does anyone know if it's possible to clear your rental history and hid how many people have viewed/contacted/filled out applications on Zillow?  We have had several people about to sign a lease that flaked out, and it's hurting our listing. Several people I talked to said they almost didn't contact me because there were so many applications and and contacts they figured it was an old listing that was never removed.