All Forum Posts by: Ronny Harpold

@Will Barnard, integrity and ethical conduct seems to be a perpetual issue as long as humans are involved. Thus far, in my current W-2 career, I constantly come across people that will literally do the bare minimum day in and day out. They will never rise above their peers and they will always complain about why they do not have the lifestyle they want or the objects they desire. I have waded into the water that is real estate and I have seen many so-called "landlords" and their properties, I am appalled. The honesty, integrity, and work ethic are not my problems, the process of a deal seems to be my big holdup. I read one of your comments that finding buyers will be the easy part, once the numbers are compiled and a solid deal is put together. That point has been iterated by many people across various sources. In your opinion, what would be the best methods of locating buyers? Is there a certain method that should be used when approaching potential buyers? Would you recommend finding a local wholesaler and shadowing them for a few deals in order to better understand the process, or would that be a waste of time? Additionally, what is your take on the "foreclosure" feature of BP? Is that an accurate source for leads?  

https://www.quickenloans.com/l...
Here is a quick article that describes “comps” in more detail. I hope this helps Joshua!

Good Afternoon All,

I am new to REI and I am starting to analyze properties to determine if the asking price is in line with local comps. However, there have been two properties in different cities that are close to me that I have looked into. Each property has zero comps within the past 6-12 months. I have checked the county tax assessor sites and looked on Zillow as well. Additionally, I broadened the scope of my search parameters to maybe get something closer to said properties and still came up with nothing. How can a potential investor be sure that the asking price for the property is appropriate? Would I use the assessed value that the county listed on their website? Or are there other methods that can be used to value a property? Thank you in advance!

-Ronny