All Forum Posts by: Madison Holbrook

I am aware of the calculators. Thank you. As I previously mentioned I have the other numbers of things. 

My question, as previously mentioned, is in a situation where it is a sellers market and the state tax parcel assessor is assessing properties such as this one at 200-250k. Sellers are listing at 350k for updated are being sold/purchased within a 30 day period around 315-320. 

What price would you be figuring your calculations by? and what ballpark do you look at to offer around. 80%? 75%? 60%? 

no, I am not looking to take advantage of someone. Nor do i think someone in his early 60s is automatically super old/out of touch/ripe for the picking. It's the average age of retired men in my area. That's it. 

Thank you. I'm asking when the contact happens how are people approaching the NUMBERS and the offer/deal, what they like to see or how they come to their number. I know my market, I know comps, and I know costs of most repairs/finishing. Obviously these are also factored into this.

yes I've listened to it. Very valuable info. I'm looking for input on how much people would seek to offer or what number they would have in their head. I understand every one has a different view. I'm looking to hear them :) 

in all the direct marketing approaches no one seems to be laying out how much it is they are offering or their "magic numbers or formulas."

again, I understand there is no one size fits all

In my area there is a home where the lawn is completely dead and bare. Gutters are falling off. Driveway is cracked. Blinds are damaged or not on in places. Mailbox is fallen over. Car is late 90’s or early 2000s and looks worse for wear. The property looks distressed. I’ve never seen anyone come or go from it. Upon a spear of the tax parcel assessor site the home values are between 200-250k. Owner is a single male in his 60s. I do not think that this has actually caught up to market prices even though it is from ‘19. Homes updated and similar are selling for 315-320. Listing at 350k they’re sold within 30 days so it’s a sellers market. 

In a situation such as this how would you approach someone who I’d like to offer buying the house in distressed condition (subject to major huge things such as foundation issues.) 

is this person a likely candidate for selling? Or aM I way off base? 

How much of a discount on this would you aim for? Go off of tax assessor or neighbor selling prices? 

25-35% off? Or?

How do I find out when this property last sold?

 1-4 Units generally speaking. 

 What do y'all think is a good % to offer someone of what a property is worth? How flippers and buy n holds go off a certain amount. What's a general rule of thumb for off market properties

Ours only says the name or that its a trust. 

Is this info something I can ask the county clerks for?

Are you reaching out to off-market property owners?

 To an extent it is online. 

How accurate is a counties appraisal of a property? If it is accurate is there a rule of thumb of what investors should offer as a purchase point? 

I've found and am trying to find a more efficient way to navigate the delinquent tax properties. Thus far they are listed by parcel identification and company/llc/owner that is behind on them. 

Can one request from the tax office the owners contact information or where would be the most reliable way of finding it?

Has anyone on here approached properties that were not listed for sale but were in the area you wanted and looked in need of lift/flip/rehab compared to the property around it.

If so how did you go about getting it to the owner, establishing that it's a duplex property and not a "townhouse." Can you do this with fha funding?

Sorry if that's a round about way of asking.

How to find out what a property is, what it's worth, who owns it, is it a rental and how did you approach the owner about a sale.