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Results (3,685+)
Chuck B. Dear landlord pros... please evaluate my plan so far.
22 March 2012 | 22 replies
Unless it's a corporate tenant with a long term proven track record that would mean nothing to me as an investor.The reason is businesses fail everyday.Even if the business has thrived for the last few years they might have been only going out of the home or a small space.Now they are going bigger in space and they may or may not grow as expected and the rent might take them down.They could be down sizing in space and carrying a ton of debt and fixing to go under.So as an investor the track record and seasoning and performance of the lease is critical when doing an income approach.You also have to analyze if rents are dropping in the area.Even if the tenant has been there awhile they might be jumping ship for a lower rate elsewhere and the lease is coming up soon.I think FSBO really isn't going to get you a higher price.The agent bringing a buyer will now have to do 2 jobs with the buyer and the seller for one fee.Also the buyer will see you are saving on the listing commission compared to other properties listed for sale and will reduce the offer to you.It's a classic mistake of the seller thinking they are saving the listing commission and the buyer reducing in the offer.
Tommy R Marketing!: Having people calling YOU to give you leads
10 February 2012 | 22 replies
But lots of folks love the classic black text on yellow.
Chris Gawlik My first Multi
19 October 2011 | 14 replies
Remember as an investor it is not the VOLUME and size of the deals you put together because many can be crap it is the QUALITY of the deals you do.I would rather spend a few months doing an awesome acquisition than buying up marginal to okay deals left and right.I have seen this happen on flips and long term holds.In both cases the investor did real well on one property and then started getting carried away.Pretty soon a couple of marginal deals starting to tank their long term portfolio into a neutral or negative position.Even on flips they made good on a few and then the next few went real bad and they were almost at square one again.You have to treat this business like a pawn shop.You will come across many sellers but few will accept your price and terms.So you have to keep going or come back to the seller until they get desperate enough to meet your terms.A classic tactic with a seller is when they will not accept your price and terms.Then a few months pass and they come back to you.Then if you have a couple deals on your plate you come from a position of power.You let them know you are involved with other projects now and to take this property on now you couldn't pay what you offered before and can now only do XX.There will always be another quality deal to be had but millions of marginal to okay deals to get stuck in for years and paralyze the growth and success of your real estate investment portfolio.
Kalyn Ringwold A little bummed tonight :( Deal may fall through
30 October 2011 | 19 replies
Whether you say ethics or any other BS in the real world these REO kings and queens have a list of buyers ready to purchase with cash where the REO broker can double end a deal.If the offer is close to what the asset manager wants then the bank doesn't care about double ending.How you level the playing field is to tell the listing agent they can keep all the commission so they will push your offer with all things being equal.It is a classic mistake I see brokers and agents make time and again.The REO broker is only getting a tiny fee on their side and having to cover a bunch of costs listing the REO so getting the other side is huge for them.If you are flipping you will save the commission on the sell side as an agent and you can put 4% co-op to get buyers agents in droves and still save 2%.The price has to be competitive and the rehab quality for the area as always.You can't just offer a higher co-op and then list high to compensate for it.That is another classic seller mistake.good luck
David Beard Private Lending for Buy & Hold
10 November 2011 | 31 replies
Financing long-term projects with short-term capital is the classical road to bankruptcy.
Ed L. Anyone moved a house??
14 April 2013 | 8 replies
This is a classic story of cobbling together several networking connections and keeping my eye out for opportunities.
Koel Gaylord Discovery Channel--Property Wars
18 January 2013 | 21 replies
at least one had a classic car in the garage..
Elizabeth Cody Sparkling New from Tallahassee!
3 March 2014 | 6 replies
I'm a soon-to-be college graduate from FSU with degrees in both Creative Writing and Classics (as my father puts it, "Pretty Words and Plato"), and I currently own my own web design/marketing company.
Brandon Turner Have You Read - Nickerson's "How I Turned $1,000 into a $1,000,000..."
17 February 2013 | 21 replies
I've heard it is a classic book but since it is out of print they are all quite expensive!
Jennifer Lee There is always money to be made in RE, don't rush in
30 May 2013 | 35 replies
I am a classically trained violinist at a top-5 conservatory in states.