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All Forum Posts by: Tamyia Davis

Tamyia Davis has started 3 posts and replied 6 times.

Post: Understanding off market

Tamyia DavisPosted
  • Posts 6
  • Votes 0
Quote from @Mathios Yonan:

Since sales are reported to the IRS, I believe it should be updated every time the deed is transferred

Thank you!

Post: Understanding off market

Tamyia DavisPosted
  • Posts 6
  • Votes 0
Quote from @David M.:

@Tamyia Davis

I don't think Zillow and them scrape the County office records for sales. they usually get their info from the MLS' --- Zillow should be directly hooked in now instead of syndication like most of the rest. So, more than likely I believe if you do an off market transaction, its not really tracked.

For example, appraisers won't know about it since they usually get their data from the MLS. The system is geared for brokered transactions, not private transactions. Besides, an off-market transaction wouldn't be a good comp anyway since it wasn't publically offered.

Does that help?

Yes-very helpful thank you!

Post: Understanding off market

Tamyia DavisPosted
  • Posts 6
  • Votes 0

Hello-I am wondering, when you sell a property off market does the sell amount show up in a traditional marketplace like Zillow, Redfin, etc.?  In essence does purchasing at wholesale rates have an effect on the market where comps are concerned?

Post: 1st Land Flip Question

Tamyia DavisPosted
  • Posts 6
  • Votes 0

I am contracting with a seller and am trying to understand my options on the close for my first land deal.  I am considering a buy and hold or a flip.  If I buy and hold it would be considerably less than if I flip it. I am looking to buy more land in the area so am concerned if I purchase much lower than if I flip it, that I would be shooting myself in the foot for other purchases in the area.  I'm not trying to drive the market down for myself on other potential flips. Am I viewing this correctly or is there a way to do this that I might be missing?

Post: On the hunt for my first deal

Tamyia DavisPosted
  • Posts 6
  • Votes 0

Completely new to wholeselling.  Looking to  get my first deal done before 2023. Here to learn.  Advise welcome.