Heather Harrison
Finding comps
23 August 2016 | 8 replies
The boundaries of a neighborhood can be larger streets, tracks, parks, etc.A house as close as possible in features (beds, baths), size, etc.Using the same financing method, with an arms-length transaction.Once you've found the right comps, then you have to make adjustments to them based on all of those features to get an accurate value for your property.I used to use a spreadsheet for that, until I built this tool: www.reikit.com/compsThe tool uses Zillow data for lookups, but usually I go in with my own set of comps from my realtors then use the tool for adjustments.The hard part is getting the comps, though, and MLS is always going to be king.Cheers!
Account Closed
Cyclical Markets -- Buy low sell high & invest in other markets
21 August 2016 | 0 replies
If you could strategize your plan of action moving forward and wanted to return the highest ROI possible then one could encapsulate different markets and buy at lows, sell at highs then take profits to put into a lower priced rental that returns passive income with not much appreciation.
Account Closed
My first flip
6 September 2016 | 24 replies
Crown molding(ceiling) would not be possible to hang alone.
Derrell Barton
How to get 50 rentals in 5 years making 60k a year salary CA?
22 August 2016 | 7 replies
Is this goal possible?
Austin Macon
New member from Washington
23 August 2016 | 3 replies
I want to learn as much as I possibly can!
Christopher Blake
How to estimate your Reno cost
22 August 2016 | 1 reply
Well I'm trying to gather all the info possible.
Lily Ardila
Learning about financing
22 August 2016 | 2 replies
Ask everyone questions, even if the last five bankers told you that what you want isn't possible, keep asking.
Rob Henzler
Renter moved out during close process
22 August 2016 | 6 replies
If the long-term tenants are moving there could have been some unique arrangement between them and the old owner that they know is unlikely to continue.I know a lot of investors avoid inherited tenants whenever possible but I think it can work in the right situation.
Chris Watson
New Member from Navarre FL
24 August 2016 | 9 replies
Would love to help you out if possible.
Joseph Shevy
Builders/construction loan, advice?
22 September 2016 | 1 reply
Also, you'll be better off working with a lender that 1) knows your area and 2) has an existing relationship with your GC if possible.