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re: Information for my fellow Real Estate Investors

Posted on 1/6/17 at 3:12 pm to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73799 posts
Posted on 1/6/17 at 3:12 pm to
quote:

Yeah, I'm going Sat to inspect a foreclosure I found in the paper. Will be reading the paper daily. I need to do more of the county/bank lookups. Thanks.


Posted by poochie
Houma, la
Member since Apr 2007
6442 posts
Posted on 1/9/17 at 9:16 pm to
How do I make an offer on a property that has a listing agent if I don't have an agent? Our previous offers have been delivered through an agent but we don't have one in this case.
Posted by stevengtiger
Member since Jul 2013
2778 posts
Posted on 1/10/17 at 2:38 pm to
Made an offer on a place yesterday and got a quick response with no counter. Inspection being done Friday and should close within 14 days. Spec's below.

3 bedroom/ 1 bath
1,050 sqft
New Roof, appliances, HVAC, Corner Lot
Rent ready minus a few paint touchups and a good cleaning
Buying price $72K w/ maybe $500 in repairs.
Estimated rental income between $950-1,050/month.

This one is in the same neighborhood as 3 other properties we have and should rent quick, like under a week quick. We spent a good deal of time when walking through it, so I do not expect our inspection to go poorly. This will be a rental property as there is not much upside in putting more money to flip.

Fingers crossed it works out. Will be our 5th rental and we are putting our 3rd flip on the market on Friday. 8 properties in 2 years since my first thread on this board.
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