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13 June 2024 | 31 replies
Raise your prices on weekends and holidays, just check the comps in your area now and then for a baseline.
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13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
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13 June 2024 | 2 replies
Check out the NARPM website: https://www.narpm.org/Happy to help you navigate through the NARPM website if needed.
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14 June 2024 | 1 reply
Would anyone be willing to check out the place (apart from a formal inspection)?
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12 June 2024 | 27 replies
unfortunately there are many ex-2 prong outlets that are swapped with regular 3 prong outlet without GFI.
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12 June 2024 | 3 replies
(Minus the small percent of the payments they’ve made that’s been considered capital gains.)My understanding is the 60 payments they make will be split up in to interest (regular taxes), capital gains (15% usually), and principle pay down (non-taxable.).
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14 June 2024 | 25 replies
Make sure you check out the scratch and dent section for not only appliances but other things they put in their too.
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12 June 2024 | 14 replies
Excel tells me how much all of the regular things are (mortgage, insurance, etc), but the notebook is where I track everything for taxes and what I grab when I do my taxes (along with a file with all the receipts and copies of bills).
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11 June 2024 | 6 replies
Any other possitive factors - stable tenant base - alarm systems - regular checks on the property - no pets - Lead safe certification - newer roof, plumbing, electric, etc..Anything to balance off the lossesBe prepared that it may end up in a non-standard (surplus lines) market for a couple of years.If you did not have flood coverage before, see if they will continue the current policy if you get Flood coverage and increase the property coverage deductible.
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11 June 2024 | 6 replies
Check Your Credit Report RegularlyObtain free copies of your credit report from the three major credit bureaus (Equifax, Experian, and TransUnion) annually.