- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Buying investment properties...
Posted on 6/9/14 at 10:43 am to stout
Posted on 6/9/14 at 10:43 am to stout
do ya'll have these new businesses around there that instead of getting a full blow appraisal they just do what they call a price opinion or something like that. They usually only charge $800-$1000 instead of a full blown 3k-5k appraisal. They are doing well at it, just looking up a few comps and plugging in #'s. their customers are mainly tire-kickers from out of state that are trying to get a gauge on the market and banks that are just trying to get a handle on what a loan is worth. If you don't have them there you should open one.
This post was edited on 6/9/14 at 10:47 am
2
Posted on 6/9/14 at 10:49 am to trillhog
I used to do price opinions when I had my license. I would have to reactivate it and resubscribe to the MLS but to be honest between the preservation, investments, and other stuff I have going on I wouldn't have time anyway.
Me and a friend are looking at starting a few specs again on some land we bought 6 years ago now that the market is bouncing back.
I am really just waiting on him to make up his mind.
Me and a friend are looking at starting a few specs again on some land we bought 6 years ago now that the market is bouncing back.
I am really just waiting on him to make up his mind.
Posted on 6/9/14 at 10:54 am to trillhog
Broker Price Opinions have been around for a long time, and check your numbers. They are 10x higher than actuals. Check the reimbursement rates provided by Fannie, Freddie, and FHA.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News