Laden Conley
New contractor from Jonesboro, AR
30 October 2020 | 16 replies
Building a good reputation and getting recommendations through BP will ensure that your services are always in high demand. As
Frank Boet
Have Real Estate prices peaked?
28 October 2018 | 85 replies
We are in an weird market here though. 56 families per day are moving to the area and construction cannot keep up with demand. As
Craig Haskell
Approaches to Creating Value
18 April 2011 | 25 replies
Bloomberg wrote about Sam Zell, famous value investor, in a May, 2010 article, “Zell’s Firm Raising $500 Million for Brazil Propertyâ€: “Billionaire investor Sam Zell’s Equity International is seeking to raise about $500 million to step up investment in Brazilian real estate, betting interest rate increases will fail to stem demand as the economy grows at the fastest pace in two decades.
Matt Watkins
Auctions for Newbies?
16 October 2018 | 25 replies
I have had clients purchase at these auctions thinking they would own the property with the winning bid only to have the auction company call and inform them that the reserve was not met or the seller didn't approve the price, then demand a higher price or their bid would be canceled.
Collin Baumann
Due Diligence Period
10 October 2018 | 11 replies
No home buyers who demand a test or having issues with selling or buying with or w/o popcorn ceiling there.
Craig Barnthouse
Step by step is proving fruitful
6 August 2014 | 7 replies
My wife and I agreed that we were exhausted with “high risk” situations that demand a ton of capital and that we would much prefer to manage and control our own investments.
Andy Peck
Hardwood Flooring - Rehab Recommendations for Long Term Stability
19 November 2015 | 12 replies
It can demand a higher dollar in rent but that should include the maintenance.
Mark Elliott
extremely lengthy closing, what do i do?
26 March 2015 | 6 replies
hello to everyone. i have a question regarding a closing that is taking far too long. i have a flip house here in western new york. i finished it and put it up for sale in late august 2014. signed a sales contract with the buyer on november 11th. since then, he, the buyer, has given me a long list of repairs he wanted done on the place, which i did, including replacing the roof, myself, in the middle of december. now, since the repairs have been completed, i thought the closing would take place, as scheduled, on january 5, 2015. that date is written right in the contract. since then, he has " waffled" around with his VA loan, switched to a different bank and type of loan, and, as you can imagine, postponed the closing multiple times. i have heard from my agent and attorney on rare occassions that they need " this" or " that" from me. the latest thing they wanted from me was a letter indicating when the roof was completed. they already know this. i re-read my contract. i have what i believe are numerous reasons to cancel the sale. every week i hear " it should happen next week." i have been hearing that since mid january and here it is late march. also, within the contract, i have found a clause that allows me to demand a closing within 7 days of any notice i give them. should i contact their attorney and envolk the 7 day closing or notify them of my intent to cancel the sale effective immediately if we do not get a closing soon?
Bryan Hancock
Cardpool.com - Purchasing Materials With Discounted Gift Cards
12 September 2012 | 31 replies
I'd think if you were burning that kind of volume you could demand a better discount from the bid room and pay with an Amex for the rewards points...
Todd Gustafson
Strategies and Philosophies: Multi-part question
26 August 2011 | 9 replies
Finding a fully performing property especially at the 50% suggestion with multifamily is a non starter.A trophy property the owners will demand a premium.The typical buyer is a doctor,lawyer,etc. who wants a newer property in turn key condition to us as a tax shelter.They don't really need the income all that much.What I see most investors going after including myself is value add deals.Where you have a burnt out landlord or a property with deferred maintenance or both.Some people have more money than sense and do not make good managers.The value add deal is where you can create equity and cash flow the quickest.Many investors love apartment foreclosures from banks.There is no emotion like from a regular seller but also there isn't usually as many ways to structure a deal.So each avenue has it's pluses and minuses.If you talk to banks they are hoping the market gets better.If you talk to buyers many say we are still in a recession and will not pay the banks prices based on over inflated appraisals.So what you have is a stand still in the bid-ask gap pricing.Some product is moving but not the kind of volume to turn the market around yet.If you want start out with one house and build from there.I agree with everyone on the fees.The contractors will suck you dry.You have to know what work you want to do and not to do.I tell contractors I want investor pricing and that I am very cheap and want a deal.If they are looking for a retail deal don't even waste my time.Between plumbing,electrical,pest control,lawn maintenance,and on and on your cash flow can go out the window real fast.On my apartment building I have a cheap handyman mow the grass and do minor repairs.Grass company wanted a one year contract and 210 a month!