All Forum Posts by: Philip Holzknecht

I am looking to make an offer on a home that is currently having issues paying the mortgage. I believe this is called the pre-foreclosure phase and I want to know if any of you have experience with this type of home purchase?

How could I find out how much is owed on the home and what their current mortgage is? I would use this information to factor in what a reasonable short-sale price would be for the property. I understand they could possibly say "no," but nothing ventured, nothing gained.

Thanks all!

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Originally posted by @Paolo Agostinelli:

Rentometer.com is the best resource that I have found to date to locate market rents. With that said, don't blindly use the average and mean rents that it provides without looking at the data that it was calculated from. Take a look at the maps and look at the individual addresses that were used as a basis, as a rent comp in another section of town that may not be applicable could dramatically raise or lower the rents given.

Paolo, this is an interesting and useful idea I would not have initially known to consider. Thank you for this!

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Originally posted by @Marcus Alig:

It seems to give you 10 estimates or so, and then requests that you sign up for a paid membership.

Hey Marcus, is there any other methods you have used or would recommend?

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Originally posted by @Joe Villeneuve:

rentometer.com

^Thank you for that, Joe! i fiddled around with that on some properties I was looking at and it seems to be an awesome resource!

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Hello BP,

Very new to the RE scene and I am wondering what resources have worked for you when it comes to finding out what similar homes/units are renting for in the area? Should I strictly just use zillow/real estate postings, or is there a better method that you would recommend? Thanks in advance!

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All Forum Posts by: Philip Holzknecht

Philip Holzknecht has started 2 posts and replied 5 times.

Post: Pre-Foreclosure? Looking for the right approach

Post: Rent: Getting the Right Valuation

Post: Rent: Getting the Right Valuation

Post: Rent: Getting the Right Valuation

Post: Rent: Getting the Right Valuation