All Forum Posts by: Travis S.

Multifamilies in general are not common, so finding multi REO's is even that much more rare. I have seen very few. Now I bought some apartments at the courthouse steps once.

What kind ?

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Originally posted by "noobdog1":

best book for what?

on a "a good deal"?

On apartment buildings, multi-family homes ?

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Originally posted by "Ohio Realtor":

Any of the registered brokers agents can submit a bid for you and they have access to the complete list of HUD homes in the area. In my experience multifamily HUD homes are rare but you may be able to get some that are REO properties.

Where can I find multi-family REO's at ?

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Originally posted by "EZLoanz":

I believe the number one stigma PPL has hanging over its head is that it is a network marketing company (MLM).

To some, that is the "touch of death".

Regards,

Scott Miller

Is that good or bad ?

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Originally posted by "EZLoanz":

Taking the LLC approach has one important tradeoff that you should be aware of; access to high LTV loans (a majority of lenders cap lending to LLCs to 80%).

Regards,

Scott Miller

Is that a bad thing ?

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Originally posted by "charles whitaker":

Location, area comps, size, and functionality are all factored into the retail value price. Realtors can help with the comps or sometimes you can find yearly housing reports which are somewhat close to the actual value.

What I meant was how do you personally figure out the value, What are your techniques ?

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What are some of the techniques you guys use to determine the value and/or monthly rent of a property ?

For example: I use the "Five Step Property Evaluation" technique from the book "The ABC's of Real Estate Investing" forword by Robert Kiyosaki & writen by Ken McElroy.

1. Verify property income
2. Verify expenses.
3. Determin net operating income (NOI).
4. Find the capitaliztion rate and valuation.
5. Calculate the loan payment and you profit or cash on cash.

Do you guys have any other quick way to determine the value of a property and/or monthly rent ?

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Oh man. Thanks a million. I was looking for this all day. I'm calling all have them tomorrow to see what they have. Thanks again !

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You live in a bigger region I think. Which means the terms maybe a little worst than the SouthEast.

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All Forum Posts by: Travis S.

Travis S. has started 30 posts and replied 155 times.

Post: Whats Great About REOs?

Post: Whats Great About REOs?

Post: What would be your Dream Real Estate Deal??

Post: Whats Great About REOs?

Post: Legal Advice for All Investors

Post: When is it time to incorporate?

Post: Property Evaluation Techniques

Post: Property Evaluation Techniques

Post: Whats Great About REOs?

Post: HUD Bid Amount Questions