Dayanis Acosta
New property analysis
6 September 2022 | 10 replies
But I like the in depth-ness of the data that PriceLabs gives you.Hope this helps, let me know if you have any more questions, Live Free, Mike
Account Closed
People on the move...middle class moving from expensive cities to cheaper cities
7 January 2015 | 27 replies
Many desire smaller communities where there is a sense of connected-ness and convenience.There's lots of fascinating reading about this generation of people, the largest in history, that will affect those of us in the real estate industry.
Jonathan C.
Most Recent Flip, $58K Profit, Pics and Numbers
18 April 2015 | 69 replies
For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you’re considering is on a very “distressed” street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You’ll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the “better” street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job – everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You’ll need to spend more on rehab as the ARV increases.Logically,buyers like more ‘pretty-ness’, higher-end fixtures, cabinets, etc. when they’re paying $200,000 vs. when they’re only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); and üHolding the property (mortgage interest, utilities, taxes, insurance, etc.).
Joel Bowen
Oregon wholesale purchase & sale contract, assignment contract?
30 April 2018 | 2 replies
If you want to go the template route, then you can purchase an Oregon specific assignment contract, or any other form you can possibly think of, from Stevens-Ness - some of them have very old language in them though...
Niki Calderone
What is the hardest part of being an agent?
24 March 2016 | 8 replies
I listened to the book during my drive and it really breaks everything down into numbers and strips out the emotion and hope, which I think you'll need in order to actually be that one of 50...For me, personally, the hardest part is the passive-ness.
Gino Barbaro
What's Stopping You From Investing In Multifamily Properties?
27 September 2017 | 121 replies
Also visit brokers sites such as marcus millichap, Colliers, Sperry Van Ness.
Hunter Estess
Multi-family and Apartment Listings
31 March 2016 | 4 replies
There are countless brokers, you can also look into Sperry Van Ness, Cushman Wakefield, Marcus Millichap.
Malcolm Brown
Lease purchase vs assignment of sellers financing
26 April 2016 | 11 replies
Some lenders will "sort of" consider it kinda like a refi if that lender/underwriter has a program to track accepted rent payments via servicing over the lease option time frame, but that would have to be something you set up up front with the seller/buyer, and you'd have to find a lender that has a program like that (I've heard about mumblings that this exists, but I've yet to speak to a lender that really offers this - I think this sort of program may actually be like the mumblings of the loch ness monster, or big foot - doesn't actually exist in the wild, but people still talk about it as if it does).
Jordan Ness
Inserting a buying broker
25 September 2019 | 4 replies
Originally posted by @Jordan Ness:@Russell BrazilThat makes sense thank you , so to clarify a couple of questions1 does the selling broker then collect brokerage from both sides ie buyer and seller in this case ?