Very nice to meet all of you.

You stand to make a nice profit and can roll that cash into something else and capitalize on the market thats hot or up and coming.As Joel said sell at the peak, I wonder how many people would do things differently if they knew than what they know now??

Here are the top things to do: 1) have really nice photos and lots of info about the property 2) have very competitive rates and even better is just below your competition 3) answer your phone and emails all day every day--people want an answer quickly.

For such instances, I would take the normal ARV of this home and reduce by a bare minimum of 15% and likely 20% just to keep me safe. base your offer price on the lower adjusted value knowing you have to disclose which will chase away a large % of your buyer's pool, regardless of how nice the area/neighborhood is.

Nice feature for sure.

Her basement is a not very nice 2/1 that gets $750/month rent- with walkout on the short side and no other full size windows.

He would then maximize profits by building the houses in China and then shipping them here combined with a massive marketing campaign to convince the public that not only are his houses pretty nice, but they make you a little hipper than what you once were.

I want to check where my head is at after owning 6 properties and putting over 100 offers in over the past year.1,100 sq ft 3/1 house in a nice neighborhood built in 1960Purchase price: $42,000Borrow $35,000 @ 5.5% 15y$3,000 for clean up and repairs$10,000 cash investmentProformaRent $900 a month = $10,800 a yearMortgage $286 a month = $3,432 a yearTaxes $100 a month =$1,200 a yearInsurance $100 a month = $1,200 a yearI know there is unexpected vacancy costs, maintenance costs, lawyer costs etc...

@Mike Denham That is great to hear :) It's a nice approach from a brokerage to give home shoppers the information they want, instead of the old agent bait-and-switch by trying to capture them and track those buyers down like wolves!

AC, sprinklers all around, all that nice stuff.