All Forum Posts by: Russell Wagner

An idea, increase the earnest money to motivate the seller.  During due diligence/inspection period see if you can scramble to update as part of the agreement to pass inspection.  Say to the seller, look I am motivated, I will even put in the cash to get the updates to pass such an inspection.  In theory you are putting the most at risk, but so is a cash offer.  Just an idea, may or may not work....

We built an algorithm similar with Taxfence.com a year before these guys the problem we have run into is the assessors deny the appeals.   We gathered a ton of data here in Atlanta and only 2 percent of appeals are accepted.   Mike has a point eventually you have to fight in person and be willing to go to court.  Tax proper and Taxfence at least provide the data to help you find comps and gis analyzed comps.

Cole, I am working on my second Clemson closing on Monday.  Maybe in a couple months, we can grab coffee or lunch.  I want to keep growing the Clemson base, wanted your feedback on why some of the 300k listings have not been picked up to flip (flipping is not my specialty.)  Happy New Year.

Thank you Cole - closed today.  go Tigers!

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Clemson.

Purchase price: $119,500
Cash invested: $119,500

College Housing 4 Bedroom Apt

What made you interested in investing in this type of deal?

Expected Turnover in Student Housing, Expected Level of Maintenance, and Great Property Management Group in College Town

How did you find this deal and how did you negotiate it?

Zillow - owner listed it.

How did you finance this deal?

Self Financed - Dave Ramsey Model

How did you add value to the deal?

Do not know yet

What was the outcome?

Close this Friday

Lessons learned? Challenges?

Learning everything right now, this is my first one.