Ryan Winzenburg
AirDNA Annual Revenue Data
I’ve been using AirDNA to track Annual Revenue across several market. Most of the revenue has dropped by half in most of the markets in looking at.I own homes in some of those markets and have seen little or no change...
Gary Kelly
Offer Price vs. List and What Feds Paid For It
Looking at nice house in TN listed by FHLMC at $450k - was at $480k. They bought it last summer for around $360k.
Any thoughts on how far we can push them? Only thing we would ask for is inspection. They have that...
Deonte Hill
Rehab Cost Rule of Thumb
Hello all,And thank you in advance for your input. When it comes to rehabs, I’ve seen in the forums a good rough estimate is $20-$100/sqft, dependent supply the severity of the rehab. I’m looking to purchase a propert...
Nat Love
Trying to BRRRR. But HELOCs are 13%APR
Is 13% APR for a HELOC high? I’m trying to HELOC rehab my property without going out of pocket.
Michael Watford
Estimating Future Property Taxes
Hey BP,I am looking at purchasing a home in Warren, MI. The numbers all make sense but when I call the city/county they are estimating the taxes to be $4200 next year on a 117k sale price.If that turns out to be true ...
Brett Sanchez
Seller Negotiation Strategies
I'm talking to a seller that has unrealistic price expectations for his property. What are some strategies to get him to agree on a more realistic price? His underwriting is far off from mine and my partners'.
Account Closed
Multiple offers-no contracts
My partner and I have made several (at least 10) offers on separate properties in which we believe would be ideal for our buyers. Our process is gathering the ARV and MAYO and beginning our first offer at 80% of MAYO...
Matthew Cartwright
Are Properties Overvalued Frequently?
I have been looking to start a partnership over the past two months for real estate investing. What I am seeing is that properties appear to be way overvalued, i.e. properties that are only generating $7-8k in rents ...
Matthew Bowman
Land hacking anyone?
Hey all -Trying to think through some innovative ways to get started on the REI journey. We live on an 8 acre plot of land about an hour NW of Fort Worth. We've got a good sized shop building for starters. Also hav...
Ryan Dossey
Zillow Zestimate Corrected $193,000 over night!
I can't give too many details as this is an active listing. But we have a home that's a flip we just listed. The Zestimate was extremely low due to our buy price. I know retail buyers tend to view this as FMV (even th...