All Forum Posts by: Sarah Buchanan

@Will C. yes basement is finished and flooding was due to heavy rains.  They were supposed to have fixed grading toward the house 2 weeks ago but didn't....they have fixed the flood damage but I am definitely concerned about it happening again.

@Russell Brazil that is good to know.  Tax data said 1600, Appraiser said 1750, Seller agent had it posted at 2000!

Thanks.  Perhaps my post wasn't clear - I trust my realtor completely and have used her for several deals. She works very hard for me and I'm happy with her.  It's the seller's agent I don't trust and I don't have an option to fire him. :/

I was set to close on a house today (currently in it's redemption period of foreclosure) but the appraisal last week discovered that the square footage had been listed as more than 250sf over actual, taking the price per sf from $74 to $86; still ok but not nearly the deal I thought it was.  My plan was to rent for a few years with an exit strategy to sell at $100/sf in 3-5yrs so this changes my anticipated gain from $50 down to $25.  I tried to counter to a $78 per sf but seller won't budge.  Seller will lose the house to foreclosure if I don't purchase by Oct 6 so I'm surprised they won't concede but in the meantime the basement just flooded so I'm ready to walk away.  My realtor believes it's still an ok buy at $86 per sf and my numbers still work ok but not nearly as well as they did before.  My biggest hang up is that I don't trust the realtor and don't want to work with someone shady.  Thoughts?

It's time once again for our monthly Sioux Falls REI meet up! We are meeting this Sat, 9/15, at the Zeal Center for Entrepeneurship at 9am. If possible please RSVP so we know how many to prepare for.

Also, FYI Andrew Adam is a member of our group that has a duplex and fourplex for sale not yet on the MLS. Contact me for additional info.

We hope to see you Saturday!

9am at the Zeal Center 2329 N Career Ave Sioux Falls

Melanie will be speaking to us about note buying. If possible, please RSVP to ensure adequate seating.

@Jeff Brace Oh sorry about that - I apologize if I'm posting it incorrectly.  The meeting is monthly, and, while I'm not involved in the planning, it seems to be the 3rd Sat of every month at 9am.  I post it as soon as I get the info...Hope this helps!

@Jeff Brace see event details. :)  4/21, 9am, 2329 Career Ave SF 

Come chat and network with local Sioux Falls and surrounding Real Estate Investors!  We hope to see you there!