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Results (10,000+)
Trip B Super Newbie with a Possible Deal (Need Advice)
6 June 2011 | 17 replies
The phone started ringing and the first call was this:Two Family HouseSTYLE 2 FamilyMODEL ResidentialGrade: AverageStories: 2 StoriesOccupancy 2Exterior Wall 1 Aluminum SidngRoof Structure: Gable/HipRoof Cover AsphaltInterior Wall 1 Plastered/DrywInterior Flr 1 Fin WD/CarpetHeat Fuel Oil/GasHeat Type: FA/HW/STAC Type: NoneTotal Bedrooms: 06Total Bthrms: 2Total Half Baths: 0Total Rooms: 12Bath Style: AverageKitchen Style: AverageLiving Area 2,578 square feetReplacement Cost 222,986Year Built 1935Depreciation 30%Replacement Cost Less Depreciation 156,100BAS First Floor 1037 1037FAT Finished Attic 1008 504FOP Fin Open Porch 224 0FUS Finished Upper Story 1037 1037UBM Unfinished Basement 1037 0Total 4343 2578Current Assessed ValueTotal: 131,880Zestimate $137,500Owner says it needs roofing work done and the porch needs to be fixedThere are 2 tenants one is paying $900 a monththe other isn't paying anything but is a family member which a reason he has to sell not making much money.Owner owes property free and clear and is looking for $70k or best offer.Comps in the area are about 115kso 70% is 80,500 - 20k repairs - 10k my fee = 50,500Supposed to meet with him today, my partner set the meeting up before I could talk to him.What do you guys think?
Steve L. 50% Rule - Lowest Cost/Efficient Producer
27 August 2012 | 40 replies
Some general ideas I have:- Self manage (providing they are skilled at it)- Keep tenants longer than average- Get maintenance done for good price- Discounted insurance- Turn vacancies faster (this is a big overlooked one)- Get above market rents- Raise rents regularlyAn example:I know a landlord that has an average stay of 8 years versus 2 years.
Matthew J. T. Discrete Assignment Fee
11 April 2015 | 85 replies
If I can make large money on assignment fees, and my end buyer is happy with his end, that obviously Assignment, are much easier, faster, and less hassle.
Aaron McGinnis About done building the current flip...
3 June 2011 | 8 replies
Your finished product is absolutely beautiful.I've never done anything this extensive, but I've always wondered if at that point it would be cheaper and faster to just tear down and build a new house.
Chris Teed Doing Business with BP members: Triumphs – Nightmares
19 June 2011 | 20 replies
While I haven't done this for 100% of my colleagues, I can tell you the ones I have are in many cases doing business with me, or there are some future plans to figure out how to do business together.This site allows you to build your business faster and better working with the right people.Good Luck!
Ben Lawrence Bidding Wars
9 December 2009 | 12 replies
Can you get the Bnak to answer faster?
Rich Weese update on word of warning
23 August 2014 | 26 replies
Run the presses even faster resorting to the time honored method of making debts disappear by cranking up the printing presses and flooding the world with depreciated dollars.
Jose Reyes Does anyone have a general short sale package? Is there one that is fillable electronically? Thanks guys.
30 December 2009 | 7 replies
Please keep in mind though most lenders get the Short Sales entered into there system faster when you are using there paperwork.
Rich Weese Once and for all- HERE is where to buy!!
6 February 2010 | 18 replies
There is incontrovertible long-term data that shows that population is growing faster in places that have milder winters - specifically the following places:West CoastThe SouthwestFloridaAtlanta and the Research TriangePeople need homes.
Lafi S. Equator only for RE Agents?
22 March 2010 | 16 replies
But its suppose to be faster but not cheaper for investors.