All Forum Posts by: Nate Sanow

I would hold. The only people that get hurt on a roller coaster ride are the ones who get off the ride before it’s over… selling during a dip is tough. If the ONLY reason to sell is maintenance related… hold. 

Good job!  keep it up.  

 cool 

For me brrrr is creative in that over time you get the right lenders who offer high loan to cost, so really not a ton of money out of pocket, and someone else pays it off for me - the next lender… and then, of course the tenant pays that off for me… to me it is simple but I suppose it is creative. Recommended to consider at least.

Not sure any are unlimited without cost but Batchleads, Propstream I’ve used and are decent. Invelo, trying to get to know now.

Asking price to sold price is 99% in my area - tons of price reductions but values are up YOY. I find YOY closed prices to be the most important to track… so often asking price is wishful thinking for sellers, especially now, and yes they are humbled there but not having to come down drastically.

The lease is attached to the property. 
whatever the terms were. Are now your terms. 

I agree I probably would require the tenants gone as a condition of purchase but you are likely past your inspection period. 

If that is the case. I would say, make sure you have a well defined plan to get them out after acquisition

Generally in my area, asking price is down and being adjusted. Asking price isn't equal to value. Sometimes asking price is aspirational. Sellers aren't able to demand a price anymore. If you're looking for opportunities looking past asking prices is big. Looking at ARV, looking at sold comps, and even looking at what the seller paid for it, gives a better perspective of value, and, in your specific need, opportunity.

Fun space. I’d probably prefer a place to myself splitting the bill with in-laws etc. Cool concept. Good luck!!

 I second what Larry said.