All Forum Posts by: Susan K.

I vote for large single.

You can get your license for your own benefit. You do not have to be a "realtor" or work as a "realtor" just because you have your license. Having access to the MLS is a great tool for comps, etc. Also for being able to let yourself into properties without waiting on an agent. Many investors are licensed and it is not a detriment.

It already has 4 bedrooms.  I would focus on the kitchen and not worry about making it 5 bedrooms.  Someone may want the 4 car garage and shop.  That could be a good selling point.

Consider getting your RE license if you are going to be doing a lot of investing. It may be worth the time and expense. That way you can let yourself in and out of properties at your convenience and have full MLS access.

We are flippers as well.  This was not a listing for comps only.  Unfortunately I know the agent and the office and they have a history of not representing the sellers best interest by often under pricing in this market.  I've seen it several times.  Basically I was blocked.  Mr. Senior out of state has no idea he lost 15K.  It happens.

I called to view a listing I wanted to offer on and the LA told me it was already under contract. Turns out it was a pocket listing even though they put it on MLS. The agent clearly did not have the sellers best interest. I called on day one of the listing and it was severely under priced for the neighborhood. I would have bid 10 - 15K higher, that is how much it was under priced.

The seller was in his 90's and out of state...hummm.  My research showed me the LA sold it to a "friend/business associate."  They did not even sell it for list price, it closed at under.  The "friend" buyer completed the reno and of course listed it with the same LA.  I feel bad for the senior they took advantage of.  It happens unfortunately.

The original list price was around 130K and the new renovated price in the 400's.  Agent was more concerned about getting the relist.

I would suggest you or your husband get a real estate license in the state you plan on doing the most investing in.  You can take the classes online.  Then find a broker that only charges a transaction fee for anything you buy or sell.

Yes, when I'm working on my flip I'm in high heels, full makeup, hair done, nails done, and sexy yoga pants.  When I see a cockroach I scream real loud "ewwwwww" and run from the room.  Also, we wish to hire a construction project manager for 10.00 an hour like they do out in California.  

 That's good news.  

Thanks for the input everyone.  Good News!  The Zestimate on my house has gone up so now it is around 230K, still lower than what it should comp at but much better than the original price they had it at.  Hopefully it won't be an issue of someone thinking Zillow is always "right".