Posted by Takeya on August 17, 2009 at 20:08:32:
J- this information was more than helpful. It’s also simple to understand and follow. I appreciate that very much and will be sure to do exactly what you outlined.
I’ll be sure to contact you with any other questions. Thanks!
FSBO property : newbie seeks help - Posted by Takeya
Posted by Takeya on August 12, 2009 at 23:03:58:
I found two side-by-side, fsbo properties. Each priced at $330,000 but negotiable. 7bdrms/3baths, finished bsmt, 3 levels, 3000s.f. Here is the ad for it :
THE PERFECT INVESTMENT, A BUILDER’S OR DEVELOPER’S DREAM. TWO BROWNSTONES IN THE UP AND COMING AREA OF MOTT HAVEN. CLOSE TO ALL PUBLIC TRANSPORTATION. LOW TAXES, FENCED IN BACK YARD, FINISHED BASEMENT PLENTY OF ROOM TO BUILD OR DEVELOP. PRICE IS FOR EACH BROWNSTONE. HOUSES ARE CURRENTLY RENTED WITH A VERY POSITIVE RENT ROLL.
I’m interested in assigning it, but haven’t built my buyers list. I compared FMV on zillow, and two others. All 3 were above. Considering phoning owner tomorrow about these, but I have no experience. What else do I need to do before phoning the owner? How do I know for sure that this is a good deal? It’s been on the market for over 4 months. Thanks.
Re: FSBO property : newbie seeks help - Posted by J
Posted by J on August 17, 2009 at 17:15:26:
First, find a re agent to do a cma on the properties for you, this will give you a better idea of market value, before you call the owner. Call the owner and find out the owner situation, see if the owner is motivated. If all is good so far, set up a time to see the property if the property is in poor condition find this out over the phone and show up with a contractor to give you an estimate of repair. Take this into consideration when making an offer. Make sure that there is a demand for this type of property in the area so it will be a good investment for the person you wholesale the property too. This will get you on the right track, email me with questions… firstcallreinvestments@gmal.com
Re: FSBO property : newbie seeks help - Posted by elijah jackson
Posted by elijah jackson on August 15, 2009 at 18:34:40:
good stuff