All Forum Posts by: Matthew Allen

@Vanessa C., did anything ever come of this?

@Jaren Barnes, that was an overwhelming response, eh? LOL. I have a similar background and have gotten my leads almost exclusively thru Adwords. I've had similar experience with many leads being probate situations and want to do some more targeted marketing. I sincerely enjoy guiding people thru the process and hope to do more. Any luck with some resources?

@Frank D'Andrea III, fellow San Antonio resident here. Same to you @Stone Saathoff. We all need to connect when this is over!

For the most part, I agree with Stone, my only difference is that I would complete the current project...with great haste. At least right now we are in a Buyer's market since usual supply is currently listed, but many buyers are waiting (by force or choice) to look for new places. This tells me as a Seller I need to leave ZERO room for buyers to move on to the next house option. Finish up any unfinished projects then list...again with great haste. If it's truly 95% done, then you're talking less than $4k which can make the difference in TIME on the market. Be willing to be aggressive on pricing too. If you can be under the competing houses with your fresh rehab, you'll be in a good spot. With the completed house and relatively low holding cost, plus your ability to refi out of HM, you are in a good spot with this one in my opinion given the circumstances.

On the 2nd one, generally I am an optimist, but I would strongly consider any opportunity to break even or even take a loss right now if one exists. Could the market turn? Sure, but I'd rather be safe than sorry. My optimism has cost me a lot of money on a house or two I thought I could make work...and that was with factors in my control.

Either way, best of luck to you!

@Sean Cole, any idea what a lot on Yosemite would go for? It's on the corner of Yosemite and Langdon Farm. I'm not familiar with the area. I saw multiple lots west of there listed for $20k, but don't know if that's hopeful pricing or realistic.

@Jim Wiley or @Jacob Murphy, do y'all know lot values in Golf Manor? I've got a vacant lot lead at Yosemite & Langdon Farm on the SE part of Golf Manor. No clue what the market for lots are in the area.

I received an off market lead on a 3/2 SFH in the NW part of Sanger, CA (which is near the Fresno, California). The house appears in very good condition, but I'm curious if someone can give me guidance on the area as I do not know it. The owner is looking to move in 6-8 weeks so they can clear out quite a bit of knick-knacks (apparently not a hoarder)...which are probably the main reason they do not want to list it with a Realtor. Is the wholesale market strong there? Rental market? Just seeing if I have anything worth moving forward on.

They are wanting around 80% of the value I could find thru a quick search on local (and unreliable) websites.

I have a flip property in Texas that has 1 exterior entry/exit door. It is a single story home (pier & beam...so it is a bit elevated) and every bedroom has at least 1 window. There is no back door or secondary door. One agent stated this would have to be added, but I cannot find anywhere that states this as a requirement for FHA lending or FHA homes. I'd appreciate any guidance on this from those with experience on this matter. Thanks!

@Ed Emmons thanks for the feedback. I spoke to a local realtor and it's in a less desirable area south of town...used to be called something else. I have a feeling the seller won't understand the actual value of her home there and will want too much for it.

@Cody DeLong well it definitely can't hurt! 

@Nicholas Herold, @Nathaniel Seekins, @Bryan Clement, @Harrison Smith, @Kristine W Taylor

do any of y'all know anything about Milo, Maine? I have a local (San Antonio, TX) lead on a single family home there, and I know nothing about the area. Appreciate any input you can provide about the market. -Matt