
24 January 2021 | 7 replies
It's a true niche.There are very few appraisers who specialize in MHPs and they are strictly looking at either land value for comps and rent or Income approach (10% Cap Rate).

17 December 2015 | 6 replies
That was painful.When a potential borrower, agent, or broker now approaches us, we can have a short top-level conversation about what we do and our terms, but we always follow this up with our not-so-short email that we know responds to 99.9% of their other questions+.

26 March 2016 | 5 replies
I plan on hitting the ground after the first of the year and I am committed to making this work no matter what.I am honest and hardworking, so if anyone wants to approach me with some get rich quick idea or ways to screw people out of their homes, move on.Anyone in the area, feel free to reach out to me anytime.

15 December 2015 | 1 reply
If you've decided to sell the house, my recommendation would be to do an analysis of how much it would sell for given various different rehab scenarios:- No rehab- Light rehab- Medium rehab- Full rehabYou can define those terms above any way that makes sense for your house (and you can have many more point for analysis as well).Once you have the likely selling values for each of those scenarios, compare the cost with the potential profit (and the work involved) and take the approach that maximizes your return.

19 December 2015 | 11 replies
As a residence, that won't appraise out, (1.) there is too much value in the greenhouse attached than to the residence (2.) won't be getting a market approach on a 1 bedroom or with the greenhouse (3.) it's not common for the area (4.) the highest and best use probably isn't residential (5.) marketing time on an appraisal can't be established......there is just a list of appraisal aspects with non-conforming properties.

16 December 2015 | 17 replies
Let them know you approach property management different than the previous owner and will be following the terms of the rental agreement, including serving legal notices when necessary.

23 December 2015 | 7 replies
Please help BP on the best way for me to approach the uncle.

30 December 2015 | 9 replies
The FHA approach is sounding very good.I am eager to read through the comments, too.

16 January 2016 | 9 replies
After reviewing the comments and talking to a few folks, it seem better to approach a Home Inspector and have this person assume the liability.

17 December 2015 | 23 replies
If your plan is to approach sellers directly with the intent of getting great deals and flipping them, then your buddy is probably correct.