Heather Harrison
Finding comps
23 August 2016 | 8 replies
The boundaries of a neighborhood can be larger streets, tracks, parks, etc.A house as close as possible in features (beds, baths), size, etc.Using the same financing method, with an arms-length transaction.Once you've found the right comps, then you have to make adjustments to them based on all of those features to get an accurate value for your property.I used to use a spreadsheet for that, until I built this tool: www.reikit.com/compsThe tool uses Zillow data for lookups, but usually I go in with my own set of comps from my realtors then use the tool for adjustments.The hard part is getting the comps, though, and MLS is always going to be king.Cheers!
Nick Whitaker
Question about buyer's lead resulting in contract
30 August 2016 | 10 replies
@Kim Younkin - It would need to be a closing cost credit because the buyer is not the one paying th commission, so there is nothing to reduce.
Luke Grogan
Is there a creative way to make a cash offer, then finance?
29 August 2016 | 15 replies
If you have enough equity in a property you can open up a credit line backed by that property.
Account Closed
My first flip
6 September 2016 | 24 replies
As you can imagine, leaving a marriage normally comes with (or causes) bad credit!
Thomas Williamson
Atlanta Investors, which hard money lenders do you use?
22 August 2016 | 5 replies
Ultimately, it depends on your credit score/history and your investment situation.
Abner Coelho
New member from California
22 August 2016 | 2 replies
Im 25 now, pinching pennies and paying off debt to reduce my DTI ratio and increase my credit score.
Rob Henzler
Renter moved out during close process
22 August 2016 | 6 replies
A third option could be to ask to lower the price/for a credit due to the repair $ and vacancy cost that i would potentially now immediately incur.Thanks for all your help!!
Lucas Hammer
Mileage as Startup Costs and First-Year Deduction Questions
29 August 2016 | 2 replies
.), I've been tracking the mileage and I'm assuming that I can deduct half of it on the first unit since the other half is for the unit I'm living in that hasn't been placed in service yet.
Greg M.
Seller agreed second note, but no one willing to lend?
23 August 2016 | 1 reply
I have been through 4 banks, 2 credit unions, and 2 mortgage brokers now and none of them will allow the seller to carry.
Stanley E.
Am I Crazy Over Here: 30yr vs. 15yr Loan
23 August 2016 | 13 replies
It just seems uncanny that the credit union has better rates and better terms.