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23 February 2012 | 18 replies
Comping properties is an artform and takes lots of practice. many RE agents can't even perform such a task for rehab flippers, even with all their access to MLS data.The key to evaluating your exit value (ARV) is to really know your market, know what it was doing and what it is doing.
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19 February 2012 | 27 replies
The only thing that matters is actual sold co0mps within the last 3 months and similar properties (i.e. if subject property is 1500 square feet and 3 beds, 2 baths, you need other sold comps that have similar size and same beds baths or know how to adjust for those with an additional bed or bath.Comping values is an artform and takes practice.
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20 February 2012 | 8 replies
Working on your business is better than working in your business - When I first started I tried to do everything - fixing houses on the weekend, collecting rent checks, hauling trash, etc.
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19 February 2012 | 6 replies
When a sandwich LO is conducted, what is the safest way for me to collect my up front fee and monthly profit and possible end sale profit?
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21 February 2012 | 15 replies
I'm a gal, and I'm fortunate enough to practically trip over great deals in my market.
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21 February 2012 | 18 replies
A good lender or broker is not in the business of collecting fees however that is a great line to use to get a fee paid.
20 February 2012 | 8 replies
-economic vacancy rates (real vacancy + non-collectable rent and related income) -turnover costs between tenants (normal ware and tear costs painting, carpet cleaning etc.)I would also echo time tends to be under estimated and very costly.This post is only my personal opinion.
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25 February 2012 | 26 replies
Clearly they don't see the value of presenting to and connecting with their peers and colleagues.In case you didn't know, standard practice in the industry is to take somewhere around a 50% cut of the price of products sold in the back of the room at REI conferences/clubs or through websites that hawk these things.
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13 April 2012 | 7 replies
Property management fees - 9% of rent collected + 1/2-1.0 months rent collected as placement fee for tenant = N/A3.
21 February 2012 | 0 replies
Could'nt you crowd source the collective intelligence of experts to pinpoint more intensively and and with more focused finesse a point?