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13 June 2024 | 6 replies
Perhaps focus on homes with longer days on market, ones that didn't sell during the initial two weeks because priced too high or needs updates but would still pass a loan appraisal.
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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 | 12 replies
For me, the risk is too high IMHO.
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14 June 2024 | 7 replies
However, being worried about finding a qualified tenant in the winter certainly wouldn't be an issue here... the demand for rentals is so high.
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11 June 2024 | 46 replies
You sometimes have to ask explicitly "don't rely on some website's estimate".
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13 June 2024 | 0 replies
Partner Driven was interested in the Ashe Park Rd deal in Jefferson, NC, due to its high profit potential and quick turnaround.
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13 June 2024 | 3 replies
I have a single family home renting furnished for a very high amount for the area.
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11 June 2024 | 7 replies
We have color-coded 104 of them at our website.
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14 June 2024 | 17 replies
A company comes out twice a year and inspects the AC and replaces the filter (very important if in a high temperature area), inspects the plumbing and electrical, and provides feedback regarding any potential issues.
14 June 2024 | 11 replies
The risk level is too high, I've been around the block a few times and I would most likely pass too.