All Forum Posts by: Ryan Parnow

@Alvin Barker Yes, Ive purchased 3 properties on Auction.com.  It worked out great on 2 and so-so on the 3rd.

Yes. Fleas are the worst. When the house is empty and there is nothing to feed on, they spend their time mating. You might not even notice them, but when you come back a week later, tons!

Chris Dufala I would be interested as well.

I use a line of credit to buy houses on Auction.com. After the property closes, I refinance with my bank to a normal mortgage. It would be very difficult to get a regular mortgage for the purchase since you typically don’t get access to the interior of the house before closing. The appraiser would need to see inside and the bank is going to want an appraisal.

I agree with Patrice Penda the first step is to find out what the seller needs from the sale. If they don’t need the cash the phrasing I use is “if I could give you some money now, make payments and then cash you out sometime down the road, would that work for you?”

Check out the real estate strategy lab podcast.  Their focus is online marketing.  

If you're living in one side, you're not really breaking even. You are forgetting the fact that you would have to pay rent to live somewhere else.  Consider that cost avoidance as part of your profit as well.  

The other meeting can be found on meetup.

What ended up happening with this?

Have you considered using a lockbox for showings?  In the past, I have used them with success.  People can view the house whenever they like, some of them call from out front of the property after having seen the sign and can go right in.  I just required that they send me a picture of their ID with their smartphone.