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27 April 2018 | 9 replies
@Jorge De Jesus You have been provided excellent, real-world advice by @Dave ChapaLike @Bill Spell I am interested in knowing more about the deal specifics (you don't have to give the address or anything like that)
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8 May 2018 | 7 replies
The details:Location: Denver, Colorado located in very hot real estate market in an excellent location within 2 miles to downtown.Land cost: $475,000 currently with small 900sqft home on property Mortgage/holding cost: mortgage is $2800; I will be renting home on property for $1750/month (so I will be paying $1000/month out of pocket holding cost) while we go through the permitting processPermitting process: estimated to run 6-8 months in Denver before build can beginLooking to build five, 3-story townhomes on the lot, 1550 sqft each (about 500 sqft per floor), with detached covered garage in rear of lot for four of the units.
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26 April 2018 | 8 replies
Unless you know that the property will be competitive and have a way of verifying other offers they receive that is a good way to get a counteroffer at $150,000.
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29 April 2018 | 12 replies
@Justin WindhamYou are correct, I can see how it could be an excellent learning experience, (self educating) and the key would be selecting the right provider, one that is communicative and has the time and experience to provide answers when needed.
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25 April 2018 | 2 replies
This seems like a pretty easy answer to me, but the advice I received was pretty adamant I live in my 1st rental property even if it is a single family home.
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18 May 2018 | 5 replies
Doesn’t mean your brokerage can’t receive referral fees for clients though.
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25 April 2018 | 2 replies
I am talking with quite a few homeowners at the moment but need to create/receive a wholesale contract that has an escape clause and such.
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26 April 2018 | 4 replies
The seller has provided me with a 2013 appraisal that is quite thorough and has many comps and valuation approaches, but obviously is 5 years old.He also told me that they have a recent appraisal that was done and when I asked to see it, all I received was a couple of sentences that used the income valuation approach to come to the same price he originally offered.My main question is what value does the income valuation approach have to a property that could potentially be vacant in 3 years?
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26 April 2018 | 8 replies
Then all utilities and roads could cost 75k Then subdivided, a .3 acre lot will sell for 25-30Should I be evaluating this only by the income received, and not the cost of what it would take me to do it?
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12 February 2021 | 3 replies
Looking for an excellent property management for a triplex that is 3 hours from my home.