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18 September 2020 | 11 replies
I’m striving for FIRE through investing in real estate and index funds/ retirement accounts.
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14 August 2012 | 13 replies
I can't speak for other rehabbers, but I like to ensure that my properties are a little nicer (and have some appraisal-enhancing features) versus the other properties in the area.On the rare occasions I'll get an opinion of value, the goal is to determine not what the after-repair value is, but to determine what I should be doing to the property to get the most bang for my buck in terms of resale and appraisal value.I'll sit down with my appraiser, and he'll tell me what the property is worth if I do a typical renovation to match the neighborhood, and then he'll make recommendations on what I can do to increase the resale value and the appraisal value at retail, as I don't want the resale value to be limited by the appraised value.My appraiser is more of an adviser on what upgrades I should do, in addition to just giving me his opinion of value for different levels of rehab.If you want to help investors, that's what you should strive to do...not just do a standard BPO that may or may not reflect what the property will look like and that doesn't help the investor determine what renovations should and should not be undertaken.You can value the home in good condition and compare it with like comparables from around the area.
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7 November 2012 | 6 replies
So at a minimum, savvy investors want to buy at 90% of MV, and most strive to buy much cheaper than that.That said, $30k+ for a rental rehab sounds very high, so hopefully you're over-estimating and your investor can in fact come in under MV.
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11 December 2017 | 186 replies
I am really dedicated to know and strive all their is to be successful in this business.
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13 February 2013 | 35 replies
That's something that many investors strive for, so it's always good to hear when someone actually achieves it.
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20 December 2012 | 10 replies
Most Realtors are better suited and strive to be "buyer agents" where they spend 40 hours a week meeting people at houses.
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16 April 2013 | 24 replies
This also allows you to make better offers and instills confidence in all you work with.In the end be knowledgable, strive to be a constant learner and build a great team who have areas of expertise in which they are in the trenches everyday and leverage their knowledge.
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2 January 2013 | 45 replies
This year I'm going to strive to find the most competent people I can.
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16 October 2013 | 24 replies
@Dawn AnastasiAs I said above after an exchange with on another thread earlier this year, we've been experimenting with the "open house" approach to viewing flats/houses.One situation were have decided they do not work is when we are showing a property still occupied by our tenants as we were not comfortable with many people wandering though the house unsupervised - we felt it could expose us to claims of stollen property.We are looking for ways to overcome this {I've enlisted the assistance of my realtor to see how he stages open houses when selling ... albeit, it's a different audience} as most of our showings are of occupied units as we strive to have our properties re-rented several weeks/months before they become vacant.
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20 September 2014 | 79 replies
I am happy to know that I had some influence in helping to generate new active members on BP.I also want to point out that I certainly did not start out with million dollar deals, rather, I worked up to them and will now strive for 8 figure deals.