All Forum Posts by: Rod Coleman

Attending local REIAs will get you in contact with the people who are making things happen. There you will meet investor friendly agents, wholesalers, flippers, and other professionals that can be your eyes and ears in the field. Find what your criteria is first. Read the millionaire real estate investor by Gary Keller!

I agree with you Cody as a Keller Williams real estate agent we are required to read his book. As far as finding investor friendly agents there not hard to find. Its harder for agents to find serious investors to work with. which was remedied by going to the Local REIA like Cody said. With that being said if your looking for help in Virginia or you know someone whom is ill be more then happy to assist them with their investing needs.

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If your looking for leads in Virginia I'd be more then happy to help. I am an agent in the Richmond area, just shoot me a message on here and ill send you listings that fit your criteria.

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I'm an Investor Friendly Agent In Virginia if you are looking for Properties Down here I'd Be more then Happy to help Shoot me a message.

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Estimating repairs is a difficult thing I've been doing research on it but there is no exact science. does anyone have any quick idea on how to estimate repairs.

my assumptions are

basic bathroom 4500 to 6000

kitchen 5000 to 7000

Roof 4500 to 7000

electrical upgrade 3500 to 5000

Hvac 4500 to 6000

Windows 200 to 350 a piece

re-doing entire plumbing 3500 to 5000

Please if you have an better idea people rein in on this, i am new and these are just assumptions.

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Money tight at the moment, but i will if i get this one closed

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Originally posted by @Braden C.:

@Rod Coleman

Because this is your first deal, I suspect you've done what most beginners do and under estimated repairs or over estimated ARV. If the numbers you presented were truly that good, the property would've sold immediately. How did you reach those numbers?

your probable right

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Originally posted by @Ryan Dossey:

Have you put it on postlets.com? That throws it out to Zillow and several others. Most properties I have sold have come from buyers trolling Zillow. Have you looked on Zillow or Trulia and seen what your competition is in the area? What has sold recently at what rate? My business partner just listed a home on CL and within 3 hours we have someone coming to see it already. The buyers are there. The hard part is if you are overpriced you may have turned off someone who would have bought it. I haven't ever had to drop my price to sell. Make sure you are offering low enough to make a decent profit and sell quickly. That's the key to wholesaling. If you want to PM me a link to the add I can take a look at it and see what I think. Old clothes should not be an issue. I've sold homes with basement walls caving in, water spraying, and spiders larger than the cave scene in Lord of the Rings.

yes the avg sale for this area is about 30k for cash buyers, i starting to think they recent foreclosures investors was buying may have spoiled people in the area. I dropped the price to 29.500 hopefully i will get an offer soon. some of the houses similar to this one or within 100 sq ft that are less then a half a mile away have sold for close to 200k in late 2014 early 2015.

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if it fails its fine learn and move on

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none taken i have better things to do then to get upset, just reduced the price to 29, 500 as far as my spelling i use spell check

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All Forum Posts by: Rod Coleman

Rod Coleman has started 13 posts and replied 58 times.

Post: Real Estate Professional from Virgina

Post: Find Deals

Post: How are YOU finding deals?

Post: finding an investor friendly Agent

Post: how to estimate repairs effectively

Post: how to sale a whole sale deal fast.

Post: how to sale a whole sale deal fast.

Post: how to sale a whole sale deal fast.

Post: how to sale a whole sale deal fast.

Post: how to sale a whole sale deal fast.