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10 May 2024 | 12 replies
don't say anything else after asking that question.Now if you are dealing with an agent - you are not going to have the opportunity to deal with the seller - so - you may want to just make an offer 25% below what ever it is list for.AUCTIONS: As for real estate auctions - I have been an auctioneer for many years selling hundreds of properties annually - I would like to say that we do not always satisfy the sellers reserve price (Oh - we only represent owners and investors - no foreclosures) but we don't always get the auction price up to the reserve - but the good news is that at the auction the owner becomes very motivated to accept a lower bid - thus a great equity profit is made ------ so do not discount auctions if you are looking for a great deal.Believe me I have seen so many properties sold at auction that have a ton of equity.Someone recently said "The best deals are MADE and FOUND"So ---- how do you MAKE a good deal from the many properties out there that do not look like a good deal?
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10 May 2024 | 3 replies
Suppose I’m doing a BRRRR deal and my after renovation appraisal comes back significantly lower (eg ~10-20%) than the tax assessments on comparable properties, can I use that assessment as additional evidence to an appraiser that a bigger value is warranted?
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12 May 2024 | 11 replies
We also have closed a few deals in Westtown that are pretty good.
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9 May 2024 | 13 replies
I personally want to use this strategy to lock in a lower interest rate on a rental property (being 20 years old with a small amount of credit history).
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11 May 2024 | 6 replies
Wife and I closing on our first house-hack in Ulster County.
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9 May 2024 | 5 replies
The closing costs would be 19k with 5k in prepaids, with 14k in closing costs including broker fees.
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11 May 2024 | 10 replies
Columbus, Ohio is a great market to pick up rental properties because of the lower home prices and demand from renters.
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10 May 2024 | 1 reply
The lower volume firms (who are also less experienced at landlord tenant work) are charging $1000-1500.
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12 May 2024 | 31 replies
Based on our calculations for repair, carrying cost, closing cost, the all in cost will be 283K.
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9 May 2024 | 0 replies
Re-sells are having a hard time competing bc Hortons Lender is offering much lower interest rates plus $$$ toward upgrades/buydowns/closing costs.Anyways just thought I'd share what is going on in my market!